Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1870-03-15
Publish 4 March l, 1870. ]
nuADrEp ITO T.e

Az ACT TO authorize school district number 4 town
OF Wingville, Grant county Wisconsin, to borrow !
certain sum Of money TO aid in tho erection 81 !
school house Ia said district.
The people Of the state Of Wisconsin represented II
senate and assembly do enact "a followa:
Section l. THIS district board Of school district Ne
= in the town Of Wingvillo in the county OF Grant
and state of Wisconsin for the purpose Of .re,tjn
school house In said district are hereby authorize
and empowered upon the faith and credit OF said dir
trict to borrow sum Of money not exceeding thirty
ave hundred dollars upon period Of time exceed
ing fifteen years. and At such rate Of interest as sy
be agreed upon, not exceeding ten per cent Der an
mum; and taid district board are hereby authorized
70 give notes, bonds or execute mortgage upon AM
OF the property, real or personal belonging 20 such
school district TO tho payment of the PRINCIPAL
and interst the 80 borrowed
Section 2. Said district shall annually during tina
continuance Of said loan raise by tax upon the
property in said district Of nouoy sufieent at
lesst to pay the interest thereon ANNUALLY, and one.
fifteenth l5 Of the principal thereof and the clerk
VI said district hereby authorized and directed in
each and every year during the continuance OF said
loan with without vote Of the electors Of said
district to certify TO the town clerk of said town in
the manner district clerks are required
by law to certify to town clerks, all school district
taxes an amount sufficient to liquidste annually tho
interest and principal aforesaid which amount when
certified shall be inserted in the tax roll OF said
town. and collected other school district taxes
collected and when collected, shalt be applied to
the object herein specified and no other
Section 3. For the purpose OF carrying into effect
the foregoing provisions, and assisting said school dis
trct to raise said of money for the object aforesaid
the commissioners Of school and university lands are
hereby authorized 10 loan 10 said school dstrct No
four ~, town Of Wingville aforesaid out of any Of
the trust funds in their charge and under their control
sum of money net exceeding the amount stated in
the first section Of this act and for such term or term,
Of time, not exceeding fifteen years as the district
board of said school dstiet may desire and ct the legal
rate of interest per annum and upon sach security a.
said commissioners shall prescribe and aud ali
the taxable property Of said district shall stand
for the return of said loan and the interest thereon
And the boundaries of said school district shall notL.
so altered as to exclude therefrom any lands now in
eluded therein until the loan hereby authorized shal
be fully paid and il shall be the duty of the secretary
Of state at the time lie shall certify TO the cler Of
the board Of supervisors the amount Of state taxes
also to certify TO the town clerk Of Wingvile, tbs
amount that shall be due to become due for thai
year, of principal and interest said loan and the
town clerk of said town shall thereupon insert the
amount so certified in the assessment roll OF said
town, tax upon said school district, without any
further other authority, to be collected as other
school district taxes are collected and paid the
district board and by said board paid over to the state
treasurer upon such loan.
Section A. This shall take effect and be in force
from and after its passage and publication.
Approved February rs, 1870.