Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1864-04-20
LAWS OF WISCONSIN.
~-ea asfa CHAPTkR ~
AN AIT to provide q s'sinking fund.- for payin
certain debts of the La Crosse and Milwaukee
Published March IS, 1854 ]
CHAPTER 224-


certain debts Of the La Crosse and Milwaukee
railroad company
The people of the state of Wisconsin, represented
in senate and assembly, do enact follows
Section L. Any company or companies organi-
Zation organiZa tions. by whatsoever name the
same may be known, receiver, manager, superin-
tendeut. person persons, who now are or here
after may be using, controlling, occupying or ope-
ratins; the railroad or any part thereof, hereto
fore built and constructed continuous line
Of railroad, from Milwaukee to La Crosse, under
and by virtue of oan act to incorporate the La
Crosse and Milwaukee railroad company approved
April I'd, 1852 and the several acts amendatory to
the same, shall, aunu ally. on the first day of jan
uary, IN each year, pay to the state treasurer of
TINS state, the sum OF twelve per cent. upon the
gross earnings of said railroad for the preceding
year. or OF such portion of sad railroad shall
have been under their man- cement respectively,
during said year. any part thereof to create and
constitute s. fund to be denomnated ssthe sin king
fund of the La Crosse and Niwa ukee railroad -
Sec. 2. The state of this state shaIl be
required to receive the said fund and DISPOSE of IL
a hereinafter directed.
Sec. 3. Any person persons holding any bond
or bonds of the La Crosse and Milwaukee railroad
company, accom- panied by note and real estate
mortgage as collateral security thereto, commonly
called ''farm mortgages" which have been used
snd disposed of by the said railroad company may at
any time hereafter, and before the first day of Jan
uary, in the year one thousand eight hundred and
sixty-eight, present to the state treasurer the
said bond or bonds accompanied by the said note
and real est ate mortgage, notes and mortgages,
the may be- with the interest coupons on
the said bonds all canceled, and the nterest the
said note or notes endorsed thereon as fully paid
hundred and sixty five ; and the state treasurer
shall make an entry in book to be provided by
him for that purpose, of the number, date and
amount OF such bond or bonds and also of the date
and of each of the notes and real estate
mortgages accompanying such bond or bonds, and
the name names OF the makers thereof.
Sec. 4. The state treasurer shall annually, on
the first day of February in each year, make a cor
rect apportionment of the whole OF the said sink
ing fund " then in his hands, among such of the
said railroad bonus have been SO presented to
him and so entered by him in book, directed
15raA nv rhraa
according to the amount of each, and pay the
holders thereof at the Office of the said
ureT, the amount so apportioued TO each. respec-
lively, and shall endorse the annount so paid upon
each of the said bonds and upon each OF the said
notes so accompanying such bonds; and the said
bonds and notes shalL bear annual interest from
the first day OF January, one thousand eight hun
dred and sixty-fve, at the rate of seven per cent
per annum; and the state treasurer shall make
annual distribution of the said 90 sin king fund -
among the holders of the said bonds notes and
mortgages, until the whole amount Of said bonds,
including interest and principal, is fully paid,
which time he shall cancel said bonds and execute
to the maker or makers of such note and III rtgage
certiheate that such mortgage IS paid and salts
fed.
Sec ). The register of deeds of any county
wherein any OF the lands so mortgaged to the said
railroad company situated, upon the presenta-
ton to him his office of such certificate of the
state treasurer, shall cancel such mortgage of
record.
Sec. 8. If any such company, companies, organi-
cation organizations, by whatever name the
same may be known, receiver. manager, superinten
dent, person persons, described IN the first
ton of this act shall refuse neglect to make the
payment to the state for the creation of
the said 50 sinking fund" for the space OF thirty
days after the first day of January, ia any year,
required by the said first section of this act shall
be the duty of the OF this state, and he is
hereby required, TO appoint receiver for such de-
nquent portion of said railroad, who shall execute
bond to the people of this state, in such penal
the governor shall direct, with such sureties
as he shall approve, conditioned for the faithful
perform of the duties of such receiver, and who
Shall be authorized and required to take immedf-
oft he piir
portion thereof as aforesaid, its rolling STOCK de-
pots, offices, machine shops, and all its property
necessary to and connected with its operations,
and operate the said railroad, delinquent por
ton thereof, and out of its earnings to make the
contribution to Il said sinking fund required
by the first section OF this act and the surplus, a
ter paying the current expenses of operating and
necessary repairs of the said ad, such portion
thereof and its rolling stock, he shall pay TO
the owner or owners of such road or portion there
Of to the person persons authorized 10 receive
it for the time being; and he shall continu ne in the
possession and occupancy of the said railroad or
delinquent portion thereof, until the said bonds
and notes are fully paid, or until the owner or
owners operators OF the said railroad portion
thereof, shall comply with the provisions OF this
act.
Sec. 7. After the full payment of the said bonds
and the discharging of saidnotes and mortgages,
provided in this act, the annual contributions to
the g sinking fund.- shall cease; and il any sur
plus OF said fund shall remain in the hands O. the
state treasurer, he shall pay the same TO the
respective owners OF said railroad, to those
thorized for he time being, to receive it; and if
the said railroad shall at that time be in posses
sion of receiver, appointe under the provisions
of this act. such receiver shall be discharged and
the possession of the railroad, its rolling stock,
fixtures, and other property delivered TO the per-
son or partie. rightfully entitled to the same.
Sec. S. This act shall take effect and be in force
from and after Its passage.
Approve Mach so, 1854. To- COPY.
Published April Is, lS64.j
CHAPTER 435.
AN ACT TO amend chapter III of the general laws
of 1864, entitled IS act revising, mending and
con Ciidating the laws relating to extra pay
Wisconsin soldiers in the service of the United
states of this state, and providing for the
lief OF families of such soldierG in cases
and to prescribe severe penalties for frauds
mitted in procuring such extra pay.'
The people OF the state of Wisconsin, represented
in senate and assembly, do enact follows:
Sec. 1. Section II of chapter III of the general
laws of 1864, entitled act revising, amending
aud consolidating the lavs relating pay to
Wisconsin soldiers in the service of the United
states of this state and providing for the relief
of families of uch soldier in certain cases, and
prescribe penalties for fra uds in
procuring such extra pay, :" is hereby nded. by