Record of Illinois and Michigan Canal certificates of indebtedness registered by American subscribers to a $1.6 million loan, September 13,1847-April 29, 1858.

ArchivalResource

Record of Illinois and Michigan Canal certificates of indebtedness registered by American subscribers to a $1.6 million loan, September 13,1847-April 29, 1858.

Record consists of list of canal indebtedness certificates registered by American subscribers to $1.6 million loan under act of 1847 allowing them same privileges as those conferred upon foreign subscribers (L.1847, p.22). Entries for each registered certificate include date of issue and serial number, names and titles of officials who signed certificate and date on which interest commenced.

list 1 volume.

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SNAC Resource ID: 7393745

Illinois State Archive

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Illinois. Office of the Governor

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The Board of Fund Commissioners was created by l. 1837, p. 121. Board contracted for and negotiated all loans authorized by General Assembly for internal improvements and signed and executed all bonds or stock certificates issued for such loans. Monies received from proceeds of loans were deposited at State Bank of Illinois and Bank of Illinois at Shawneetown. These deposits were used to pay drafts issued on Fund Commissioners by Board of Commissioners of Public Works for expenditur...