The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1862-05-15
Laws Of Wisconsin.

z ltUtto'ISLo = = .
gHAPTER 226.

AN ACT authorizing the borrowing o. money o,i
the faith and creait of the state, TO defray extra
ordinary expenditures
The People Of TIE STATE q Bseos, gopse'''''''
Senate and Assembly, do enact GsJosso'9S'
Section /. For The purpose Of delraying eXtraor-
binary expenditures, on the enlargement OF tlS cap
itol and erecting hospital for the Iasaio q no 10
of fifty thensaud dollars is hereby autnorizeU IN
required TO be made on the faith auU circuit Va '-
state in the form hereinafter pFescfIoeu' .,r
Sec g The governor, stale treasurer anu 9o,i
raty of state or @ majority OF thch' eii%It o.ta
be prepared state bonds Of the state OF !"
with coupons for interest," altacIei " w 1iIa~s
of fCtv each for the sum OF one thousand ooii' ),
which bords snail be payable 20 tie bearer siSHo
by the governor and cou};ersgnen ~ '"e go r..a
tsry of stale and state treasurer ana ue sea- % '
state shall be affixed thereto 9utn ootn' ~
made payable at such bank ~ the Guy oL Ne"
York as the sta treasurer shall seec's WIN 'St'
eat at the rate of six per centu'A per ahuu pay q"
BILE semi annually on the FIRST Gays OF @Aplli anu
October in each year from me hr7L uSy =. tp u,
1862 and the principal to fall due on the ntst day
of April, 1867.
Sec g. The bonds and coupons when so executed
shall be placed in the hand u the stare treasurer
who shall Immediately advertise III the staie paper
for ten days Tor sealed proposals for the purchase
Of the same. On the day mentioned IA the adFer
tisement, all proposals snail be opened ny me GOV
ernor secresary Of state snd state treasurer, and
said bends shall be sold to the person or persons
Offering the highest price Therefore ana ia case no
proposals shall Oe received within thetlme limited
said officers may sell said bonds 10 any person OF
PERSONS pr01ided, thatiu case shall any o! saIc
bonds be sold at less than par, or until an equa
amount Of the bonds falling due on the fret day
April, 1862, have been paid and cancelled
Sec. 4 An annual tax Of such per centoin Of The
taxable property Of the state, as may be suriclen
20 pay the coupons attached to the bonds SO Soid
az they may become due. Is hereby levied upor
such taxable property for the years 1852 1903 1904
1865 and 1866 to be collected with and IN addition
10 the state tax levied in each Of said years, ana t'
proceeds Of such tax are hereby appropriated l.
pay such coupons; and in addition thereto, there Il
hereby levied upon such taxable property IN ne
year 1866 the Of City thousand dollars, 10 %
added to and collected with the state tax vi ina
year. which sum Of fifty thousand dollars IS hereo.
appropriated to the payment Of the principal
said bonds.
Sec. ). The tax levied by this act, in any year
is to have the same force and effect IS il the legs
lature in such year had passed an act eyying suci
tax; and when the proceeds Of any tax herein ley
led shall be insufficient to pay the interest an
principal of said loan, the same respectively fall
due, the state treasurer shall pay the deficit out {
any money in tle state treasury not otherwise al
pr0priated.
Sec 6 This act shall take effect and he in fore
from and after it's passage and publication.
Approved8A priI 7, 1862,