An act for the releif of purchasers of Canal lands and lots.

Sec.[Section] 1. Be it enacted by the people of the State of Illinois represented in the General Assembly. That so much of the act entitled “An Act for the Construction of the Illinois and Michigan Canal approved on the ninth of January one thousand eight hundred and thirty six as declares lands and lots sold to be forfeited to the State in default of the purchasers making payments as required by said act is hereby repealed in respect to purchasers who comply ^9^ with the following conditions viz. (that they will within six months from the time the instalment payable in the year one thousand Eight hundred and thirty seven has or may become due, pay one half of the amount of said instalment and interest on the whole amount due upon the purchase for the aforesaid period of six months and six months in advance and that thereafter the said purchasers will pay semi-annually one eighth of the amount of their purchase, and pay the Interest an^18^ nually in advance upon the amount due) and payments made at the times and in the manner herein provided shall be accepted by the canal commissioners as a compliance on the part of the purchasers with the conditions of sale as prescribed by the above recited act, but nothing herein contained shall be construed to impair or in anywise effect the lien of the State upon the property sold for the payment of the purchase money or any part thereof or any Interest due or which may become due upon the same. And it is hereby declared that a failure on the part of any purchaser to comply with the conditions herein contained, shall work a forfeiture of the lot or land purchased together with all previous payments, and the provisions of the thirty fifth Section of the above recited act shall be deemed and considered applicable to such lot

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or land and purchaser and shall be Enforced by the canal commissioners.

Sec. 2. The canal commissioners are authorised and required to receive in payment for canal lots and lands sold the Bills and notes of the state Bank of Illinois and Bank of Illinois and bills and notes of any other Banks, which the Bank in which the canal funds are or may be deposited will receive and credit as cash to the canal fund.

Sec. 3. The contractors upon the Canal with whom contracts were made previous to the year one thousand Eight hundred and thirty seven shall be entitled to monthly payments upon the terms and in the manner provided for making payments upon contracts made subsequent to the first of January one thousand Eight hundred and thirty seven.