Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1866-06-13


city of Mineral Point, shall be divided
between the said town and city on the
basis of the valuation for taxation of pro-
perty in said town and city for the wear
1865, so that each shall assume its fair
proportion of such Indebtedness.
Sec 4. The bonds issued by the county
OF Iowa, under the provisions Of this set
shall be signed by the chairman Of the
board of supervisors of the county, and
countersigued by the clerk of said board
Those issued by the town of Mineral
Point, shall be signed by the chairman Of
the board of supervisors of the town, and
countersigned by the clerk of said town:
and those issued by the city Of Mineral
Point, shall be signed by the mavor of
said city, and countersigned by the clerk
of said city; and the board Of supervisors
Of said county and town, and the common
council of said city, and each of the Of
fcers of said county and town board, and
each, of the officers OF said city and the
agents Of each are hereby expressly pro-
hlblsed from delivering any of the bonds
authorized by this act, except in exchange
for the bonds now outstanding, issued by
said county or town, and those only upon
a compromise Of such outstanding, at a
rate not exceeding fifty per cent of the
so outstanding, and any delivery of any
such bonds, except as herein provided, by
any officer or agent Of the board of Super
visOrs or common council aforesaid, shall
be deemed an embezzlement, and the per~
son, officer or agent so offending, shall up
on conviction thereof, be punished by fine
or imprisonment, or both, at the discretion
of the court.
See. s. For the prompt payment Of the
bonds authorized by this act, the county
and town boards of supervisors, and the
common council aforesaid are respective
y hereby required to assess and levy up
on the taxable property Of said county,
town and city, a sum sufficient to pay the
interest annually accruing upon the bonds
Of each, and to provide sinking fund suf-
ficient to pay the whole amount Of said
bonds at maturity, which sinking fund
shall be commenced not more than five
years after tie date of said bonds; and
such sinking fund may from time to time,
as the same shall accrue, be expended in
purchase of the bonds by this act authors
lied, when such bonds can be purchased
at price not above par value thereof; and
when such bonds cannot be SO purchased,
the shaking fund shall, as the same ac-
crues be invested in the bonds of the Uni
ted States, to be held and disposed of ex-
clusiYely for the redemption of the bonds
authorized by this act.
Sec. 8. The coupons or interest war;
rants attached to the bonds authorized by
this act shall be receivable by the coun-
ty, town and city treasurer by which such
coupons or interest warrants are payable
for taxes. for the year within which the
same shall be due and payable.
Sec. J. Any member of the board of SUI
peryis0rs Of the town Of Mineral Point, or
the common conncil of the city of Mineral
Point, who shall neglect or refuse to levy
such taxes as required by this act to be
levied, or who shall neglect or refuse to
comply with any other provision of this
act OF who shall knowingly and wilfullv
violate any other provision of this act. not
made the subject of special penalty, shall
be guilty of misdemeanOr, and upon CON
viction thereof shall be fined in anv sum
not exceeding five hundred dollars, or inn
prisoned in the county jail not more than
six months, or both, al the discretion of
the court; and all fines imposed and coll
lected for violation of this act, shall be
appropriated exclusively for the payment
of the bonds authorized by this act.
Section s. This act shall take effect and
be in force from and after its passage and
publication.
Approved April u, 1866.
Established May Is, 1866
CHAPTER 32I-LocAL.
AN ACT to amend chapter liz of the 10
cal acts Of the Legislature of the State
Of Wisconsin, entitled IAN act to autho-
rise the counties and towns through
which the Mineral Point railroad runs,
to aid in its construction approved
March %, 1853.
The people of the State Of Wisconsin, rep.
resented in senate and assembly, DO en-
act as follows:
Section l. In any case in which the
Mineral Point railroad company, IN pur-
suancc Of the provisions of the second sec
ton of the act of which this is amendato~
rv, shall have issued any of It's bonds, pay
able to the treasurer of the state, and his
successors in Office, or to bearer, and shall
have delivered to any county, town, IN
corporated city or village through any pOr~
ton of which any part OF the Mineral
Point railroad runs, any OF such bonds, IN
pursuance Of the the provisions Of the said
second section, and to secure the payment
Of such bonds and interest, shall have eX-
ecuted and delivered to the treasurer OF
the state, and his successors in Office, In
trust for the use and benefit of the holders
Of anv or all Of said bonds, deed of con
vevance, called q second mortgage, in pur-
suance Of the provisions Of said second
section. if anv of the conditions contained
in anv such bonds, or in any deed of con-
vevance. called q second mortgage, shall
have become forfeited by any act or omIs-
sion Of the said railroad company, or IN
any other manner or if any default shall
have been made in any of the conditions
of any such bonds or such deed of con-
veyance. then it shall be lawful for any
county, town, incorporated city or village
through any portion of which any part Of
the Mineral Point railroad runs, and TO
which any such bonds may have been de-
ivered rs aforesaid, 70 institute and pros
ecute to final judgement IN the circuit
court for the county Of Iowa, in this state,
proper legal proceedings, by complaint or
otherwise, for the purpose of foreclosing
such deed Of conveyance, called a second
mortgage. In such legal proceedings, it
shall be lawful to make the Mineral Point
railroad company, and any other corpora
ten which MAY have been organized rs
the successor Of the Mineral Point rail-
road company. or which i exercising or
claims right to exercise any control or
ownership over any part Of the property
mentioned in the said deed of conveyance,
called a second mortgage, and any other
person or persons. corporation, officer or
municipality having or claiming TO have
any interest in the said property, parties