The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1862-04-03

! Jhe People OF Le SL6te o. I'tS'"H""5 Ie,'' St'o"
! IN Senate aud ASSembly, do eH4ct as JoIt0"S;
Section l. The city of IIsnosha is hereby author.
lied to issue bonds in exchange !or the oonds
and scrip heretofore issued by said city now out
| standing and unredeemed, or tor the Judgments
he retotore rendered thereon, for the purpose oil
! compromising the Indebtedness OF said city On
! sucu terms as may be agreed upon between the
! CITY aui the no ders Of SAID bonds
! ,sec2 The bonds authorized TO be issued by VIZ
tue OF this act, shall bear date the first day OF Jan
uarv. a, y. 1862, shall DO ID such tuFnS' contain
such sripulatious and conditions, for sucn sums,
each made payable whereon such time not exceed
In thirty years, such rate OF interest, not eX-
| ceediu- i've per cent. per AMMAN, and for such
amounts NOT exceeding fifty per cent OF the ndebt
eduess OF said city on the first day OF anuary A D.
! 1852 as may be agreed upon between the city and
the no ders Of said BONDS. All ag-eetaents author
| lied by this uct,made between the city anu bond.
holders and the issuing OF the new bonds, shall be
carried into eject by The adoption OF ordinances
/ b. the city council.
| See g. All taxes to be raised for The payment OF
the principal ana interest OF the bonds issued by
virtue of this act, shall be levied upon and collect
ed from the real estate in said city, III the manner
| hereinafter provided.
| Sec 4 At the annual election for (the) city Off
GERS held on the first Tuesday in April D. 1862,
there shall be chosen by ballot four commission
eTa one residing III each ward OF SAID clIy, AID be-
ing treehoders therein who shall within sixty DAYS
after their election make 3 new assessment o. all
the real estate within the limits of said city snu OF
such portion OF The town of Pleasant Prairie, for
nery being within the limits of said city, as s h
able for the payment Of the Indebtedness OF said
citv Drorfded that in case the ordinance as mere
liuaff0C provided shall not, by the first tuesday In
ADri be yafifea bY the voters OF said city, then
such election shall take place at any time thereai
! ter wLeA directed by the common council. Such
election shall ba conducted in all respects like the
election tor city officers, as provided " cnapter
three OF the CtY charter. Said four commissioners
shall within sixty days. after their appointment
make an assessment OF all the real estate aforesaid
which assessment shall be taken as basis, and
used for the purpose of layying and collecting all
taxes to be raised for the payment OF both the prn
cipa and interest Of the bonds authorized by this
Rc Dr0rGeG, said assessment shall hrsf be correct
ed and eduaNzed by the commissioners aforesaid,
acting with four additional treeholders, to be ap-
pOiuted by the common council, as board OF equal
izatiOu, in the same manner as now provided by
law for the equalization OF other assessments, ana
shall thereafter be irrevocable except tor the cor
rectiou of errors in the description of property or
the omission oftaxable property that should be up
on the assessment roll, which the city council are
authorized 10 correct whenever discovered. Alter
the correction and equalization OF said assessment
it shall be recorded in book kept for that purpose,
| which shall snow the names OF the owners OF each
subdiyison OF property IN the city and It's appTizea
Iappraised value, and shall also snow the amount
I0fthe apportionment which each piece OF property
is abe to pay on account of said bonds Tor prlncl
nal and the annual tax for interest on the same, az
apportioned and levied, as hereinafter PROVIDED
Said book shall be kept by the city treasurer
| Sec ). After the issue by The city OF the bonds
authorized to be issued by virtue of this act. and
they shall have been accepted "a eXcAahae anu us
charge Of the OLD BONDS, Ior lher oettGf Hecuil'
and more prompt payment, the city councii shaIi
equally appOrCCn ana levy the tail amount OF saltt
bonds pon the real estate OF the city as assessed
and subdivided on the assessment as provided IN
section of this act, and az soon as such apporGio4-
ment and levy is completed and signed by the may
or OF the city and attested by the clerk, they tthe
said b9pds) shall be lien epOn AL the real estate
loftbs cryapDortionecd and levied upon the several
subdivisions of the same, and shall so remain
lien until said bonds are paIc IN tuI ana dschtrs
ed as hereinafter provided
Sec. 8. After The issue OF said bonds, the city
council shall annually levy and collect lax sum
Client to provide Tor the Paymeh! OF me interest on
said bonds the principal OF winch remaining IN
pad,) ana aso Tor d Slhhihg Iuu do 1eteiiAlto
prov ded Wn!ch lax SnaiI oe lovIeu anu $50
at tie same time ana IN me same illlDe t'S Poy
d6d by law lOr me coeCtIoh Oh DINER luAeo /" SoI"
City,ous always upon the same assessment as pro,
vded in section OF this act All taxes IeFlod ana
collected by virtue OF this act, for the payment OF
interest OF any part oil the princpaI shall De upon
sepcrate [sepa ateI lax roll, ana all moneys COL
lei su&i De NePt "ishet ana
from other moneys OF me Guy shaIl oe seIel@te!y
llsepaTa5eiyl returned 10 the county treasurer IN
lease such taxes thereon are not PAID ana upon me
sac OF the lands t0r the non payment OF me taxes
Ifepera;e Isepai ate certificates and deeds shall be
given and all taxes levied or interest as aforesaid
81 for "A sinking fund, shall he q prior len on ali
the real estate TO I'LL other city taxes LEVIED the
the same year.
Sec I. In the year IL. d. 1870, and annually
thereafter the CITY council OF SAID cry shali IN az
dit0n to the tax levied iol the payment OIL lhteleS
Oh SAID bonds, levy anu coiect oy lax upon ns tea
estate, upon the same assess!hent pToV!dea Tor III
section OF ms sum s0lAc'enL 70 pay on 'ue 81
tire principal and discharge 10 iVil said Don1S oy
the .me 'hey Sii''i DloGo - ). ~ ~ - 80 4
80 80, 80, I'm, +o .gb,la of any niece
I'o ~ ~ .ss f,r- tba s,,1or,;or,nan+ ~
VI So % p pioI sbsu he dfroditad to the
h"Lu ooiic' I'' - 80 -, t;ra ,-ba, ), ,r,ount
ssKng ln RON r. tba .;nI
oiidl "cGi Ue ~ IL. I 80 @ - 800 F A.
~ 49, - tbis oot II sbsII ba pnnIisd IA
So ~ Soia honda mill tney are al re
- - - ~ " ~
0s9.'' Am .o,,,,,. f,r in+orao, ~, .oi5 bo,ds
81 - az w IpSton+ Of tbe ta. Iev;sd to
Sl''l 20 49, a-d 90 bonds an eli a. Ell tiroa. he
PIIJ ~ '-, 80 e.. 49,, ut IS +t,a o~i,o;poi
ga a Pc" ~ r ~, owners Of any erticnlar
81 - 49, ~, IIocI,s ,1;aoa nv 1,ic:cas of MON
~ " - - Of ~. t;,,,o ,io, o,,ay fo ~ q
~ 40 : a. 49, H. o., ,,,,t : III q riyc mi
, ,te'S"'Sl y wy ~ ~ - .; \ - 80, H.
"Ve o' 7"iu D y! a., :. ~ "a :; trSt Il .
Ealiie III Cash VI 'oIiNh' "I't"J "'P"u ~ n
al the Lhnei anu "henoFeI tnS anpouAt shol. pe
pa" a. eioi eha'G' oehk ~ IulI ~ tIo oppoi 'Sl
ment sdiu Doh"a 4eNAeu upon any Pt'tiClSl P9Ce
OF property, the owner or owners tneIeoI shaiI re-
celNe ceruncate OF oscHei &c, si8heU ny 'n9 ma
or ana treasurer o. sne cry anu at,ests9 y we
clerh} |tch cetLhee'e may De 1eooluSo III .4o q.
nee 81 'ue ie5I7'eI " I'oSAo 10 AAV1'9" - ny
ana shaH forever ulScHdISe Iie property bhei eiu
described from all further liability to pay any part
OF said bonds, eeI Tor PrlnGPal OF interest, aho
loci iulI discharge rom al. mems 9eretolore ere
ated IN consequence OF me same; ana no axes sal
+ thereafter be be imposed upon "uoh properly thus
discharged by the 9y Of henssno or cry ooqnSLI'
OF Ny any o,ICt a.ti ~ ~ - -: 70 ~ ~ 49,
ing any part OF SalA oC1S loi principal VI i'eI 0S
that may remain unpaid.
Sec TO- Upon the sale Of any property for delin
ouent taxes torthe interest or sinking fund prn
: Gpal Of said bonds, the city shall purchase the
11H ., ,F1z.T, IL h.
heueff of and in trust for the holders of the sale
bonds: and if the said property shall not be redeem
ed from such sales as required by law the city may
take tax deeds of such property, either in its own
name or in the name Of some person or trusts,
for the holders of said bonds; and the property thus
aconiTad Shall be held in trust Tor the holders o.
said wonds. and may at any time be sold leased OF
Otherwise disposed Of under the direction Of the