The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1861-03-21
A r T TT,

q endole the City OF hen0SnA TO redQ]uSt ITS
Corporate Debt.
The People Of the Stateof Wisconsin Represented in
Senate and assembly, do enact as JolI0aCs:
SECTION L. The City of Kenosha is hereby au-
thorized, by a unanimous vote of the Common
Council of said City, to issue new bonds to the
amount and for the purposes following, that is to
say:
First For adjusting its bonded Indebtedness,
incurred Tor any purpose, and of retiring all or
any part of its legal outstanding bonds, to any
amount not exceeding theamount, including prin
cipal aud interest up to June LIST, 1861 sof all the
6ondsso to be retired and net sxceedingl Hun
dredand Sixty Thousand Dollars.
Second. For the purpose of retiring and funding
all Of the notes, and liquidated claims of the City
which have been made, or be outstanding prior to
the first of day of June, 1861, and all judgments
now existing, that may be rendered ainst said
City prior to the first day of June, 1861 to any
amount not exceeding Forty Thousand Dollars.
SEC 2All bonds issued under this Act, shall be
numbered ConsecutVely from No. |, upwards, i'll
the order in which they shall be issued Each and
every bond so issued shall show on its face for
which OF the purposes mentioned in Section one of
this Act, it was issued. An account shall be kept
by the City Clerk, of the issue of all such bonds
otsther numbers amounts, and of the particular
purpose as above described, for which each bond
is issued. Such bonds shall be issued and used
solely, and only for the purposes in Section one of
this Act described, and in amount shall not exceed
the sum of TITO HURdred Thousand Dollars for
all purposes therein mentioned.
SEC. 8. All bonds issued under this Act shall be
signed by the Mayor and attested by the City
Clerk under the corporate seal of the civ and
shall III terms be made payable in the City of New
York, and all such bonds shall be made PAYABLE
| III thtrty years from the date thereof and shall
each be Tor the principal sum of from Five Hun
dred to Ten Thousand dollars. No Bond issued
under this act shall bear greater rate of interest
| that SIX per centum per annum and no new bond
SO 10 be issued shall be exchanged for old bonds
or other evidences of debt at less than their par
value.
| Sec 4. tax upon all the taxable property OF
said City, shall be annually levied and collected
commencing lwitn the year 1861, sufficient in
amount to pay annual interest at the rate provided
for in the above section, upon the amount of all
bonds issued authorized by this act to be issued
for the purposes specified in section | of this Act
| SEC. .. The Finance Committee shall, at least
ten days before the levy of the general city taxes
Ill each year. certify to the Common Council the
| amount necessary TO be levied that year for the
interest provided Tor above 1t shall be the duty
OF the Common Council to levy the tax for interest
in this act provided for to the amount SO certified
| by the nance Committee at the time in each
year they shall levy the tax for general purposes
and If they. refuse neglect to do SO in any case
for five days after the levy of the tax for general
city purposes or if the Finance Committee shall
omit or refuse to certify aforesaid, then the
Judge of the Circuit Court for the first Judicial
District, either in term time, or vacation either
in open court or at chambers, may upon summary
application, after giving the Mayor OF said city ten
days notice OF such application; of any holder OF
| holders OF bonds, issued under this Act, to the
amount of three thousand dollars or upwards b1
order. levy such tax for such amount as shall be
necessary to pay such interest, and certify the
amount thereof to the said City Clerk, who shall
In all cases cause such tax, however levied to be
eA attended upon the tax list III like manner as othel
taxes levied by the Common Council, but in a sep
arate column suitably marked to distinguish the
same And it shall be the dnty of the treasurer ol
other collector of taxes, to proceed to Ecollect anc
enforce such tax III the same manner as other gen
eral city taxes are collected and enforced by law
In filing the amount of the Treasurer's bonds a
the beginning of his term of Office and in fixing
his salary, that fact that he is to collect said ta7
for interest, shall be taken into consideration.
Sec. g. Money only, or the coupons on the bond
provided for iii this Act, shall be received by thu
Treasurer other collecting officer, in payment O
said tax for interest, and the shall be kept 4,
and disbursed from the treasury strictly as sepa
rate fund not subject to the order disposal ofth
, Common Council for any other purpose than a
, provided for in this Act And shall be paid on
only upon orders signed by the Mayor and coun
, ereigued by the Clerk, or upon the presentation
OF coupon as above, specifying the purpose 70
, which they are drawn. And such money shall b
. paid out only for the purpose of paying the intel
est on bonds issued under this Act.
! SEC. !. ltupon the sale of any property for d.
linquent taxes the city shall become the purchase
it shalt appropriate and add the amount of tbs
been levied under rhis Act for interest, out of tn
: moneys which shall be i'll come into the Trea
ury from amy source whatever
SEC. The City Treasurer shall every year in
4 medatey after the sale OF lands, lots, or propert
for delinquent taxes, and wheneverelsei he shall
!" requested by the Common Council in addition
, any other report which he shall be required by la
:, to make, report to the Common Council the cond
- ton Of the interest contemplated by this Act er
bracing statement Of ali sums collected or disbur
ed by hun for the purpose of paying said interes
! SEC. 9. The bonds issued under this Act sha
contain covenant to the effect that said city wi
issue no bonds except under OF consistently vii
= this Act, and except for strictly municipal purpo
= es, or for the purpose of constructing harbor
4 the South mouth of Pike Greek in said city, aft
the question of said construction shall have bee
= submitted to vote OF the people of said city uni
.. the aggregate amount of all bonds issued und
" this act shall be reduced to One Hundred Tho
sand Dollars, or under by Judgment or otherwis
This act shall not be amended or altered modifie
or repealed by future Legislation in such We
as to diminish its efficiency for the protection
those who shall hold the bonds hereby authorize
= until those shall have been satisfied. All bond
notes or other evidence of debt payable at futu
date hereafter by said city contrary to the provi
D. ions Of this Act during the period last named eth
9 with without the color of Statutory authorit
d shall be void