Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1870-03-02

(Which shall be daily numbered by him),
and of all proceedings by said mayor and
clerk, and of said common council, under
this act
Sec. g. There is hereby levied an annual
tax upon all the taxable property in said
city sufficient to meetand pay the nrincipal
and interest of said new bonds as the same
shall become due. And said commissioners
shall certify by the first ofNovember in each
year the amount necessary to be raised that
year to meet and pay said principal and In
terest, as fast as the same shall fall due. to
the city clerk of said city, who shall and is
hereby req uired to put said amount in The
tax list of that year, and in case of failure
of said commissioners to certify such amount
by the time above mentioned, the common
council of said city are required to direct
the clerk OF said city to put such amount
into the tax list OF that year, and the treas
| urer of said city shall keep the same in a
separate fund, and shall not pay out any
part thereof, except to pay and take up the
coupons for principal and interest annexed
to said new bonds, which coupons said treas,
urer, after the maturity thereof. shall be re-
ceiyable for all taxes due said CITY, which
coupons said treasurer, at any lime after
maturity thereof, shall pay On presentation
and in case said bond, or any of them shall
be made payable at any other place than
said city of Watertown, then said treasurer
shall promptly transmit the funds necessar
for such payment to such place designated
therefor
Sec. g.. In case default shall be made at
any time IN the payment of principal or in
terest of the new bonds to be issued under
this act after judgment obtained therefor,
the circuit court of the county where such
judgment may be obtained may direct and
require the city treasurer of said city to levy
and collect the amount of such iudcme ut
out of the taxable property of said city, by
assessing the same upon the last or next pre-
ceding assessment roll of the property OF
said city, aud collecting the same in the
same manner as city, county and state taxes
are assessed and collected thereon, giving
the same time for the payment thereof
Said city treasurer shall return all
delinquent taxes on real estate to
the county treasurer Of the county
N which such real estate may be
situated, in the manner prescri bed by law {:
and such lands shall be sold unless such
taxes are paid, by such county treasurer, at
the next general tax sales for delinquent
taxes, as other lands are sold for taxes, and
when such taxes ere collected, the same
shall be paid over to the person entitled
thereto.
Sec. 10. Said commissioners may re-
quire, if they deem it necessary, an addi-
tjonal bond of the city treasurer of said
city Tor the faithful application of all mon
eys that may come into his hands under
THIS act, as in this act is provided for, said
bond to be executed TO the city OF Tatertown.
and approved by said said commissioners,
and 10 be for such sum as they shall deem
necessary, and to have sufficient sureties
winch they snail approve Of aud in case OF
refusal or neglect OF said treas urer for ten
days to give said oond, after being notified
to do 80, his office shall be deemed vacant
and The mayor OF said ctty shall call spec,
lal election, on i've days notice, to fill such
vacancy.
Sec. II. The signing, countersigring,
issuing or putting into circulation any of
SAID new bonds for any other purpose or
otherwise than is hereinsauthorized or the
signing countersigning, issuing or putting
into circulation OF any duplicate bonds OF
coupons contrary TO the provisions Of this
act IS hereby declared an embeZzlement Of
the same, and the officer or person SO of
tending shall be deemed to have committed
the crime OF larceny, to the amount of bonds
or coupons SO wrongfully converted, and
shall be punished accordingly.
Sec. IL. The said commissioners shall
have exclusive control Of all negotiations
TOR the compromise OF said city debts, and
all acts heretofore passed authorizing the
compromise or settlement OF the sa ne, or
any part th ereof, and all acts inconsistent
with this act, are hereby repealed
Section -. This act shall take effect and
be IN force from and after is passage.
Approved February IT, 1870,