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 States, and the states equally interested with this state in the commencement, prosecution and completion of those important works, will contribute their full proportion of the expense; and in order that adequate funds may be provided, and properly arranged and managed, for the prosecution and completion of all the navigable communications contemplated by this act:

I Be it enacted by the people of the state of New York, represented in Senate and Assembly, That there shall be constituted a fund to be denominated the canal fund, which shall consist of all such appropriations, grants and donations, as may be made for that purpose by the legislature of this state, by the congress of the United States, by individual states, and by corporations, companies and individuals; which fund shall be superintended and managed by a board of commissioners, to be denominated "the commissioners of the canal fund," consisting of the lieutenant-governor, the comptroller, the attorney-general, the surveyor-general, secretary and treasurer, a majority of whom with the