Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1870-02-02
THE ADJOURNED MEETING.

At half past seven o'clock, the hall
being filed with one of the largest
audiences ever assembled in this city,
the Chairman, Gen. L. A. Cole, called
the meeting to order, briefly stated the
object to be to hear and consider the
report of the committee previously ap-
pointed to examine the two bills intro
duced into the Legislature for the set
Element of our railroad bond indebt-
edness. The Secretary read the fol-
lowing report of the committee in
English, and Mr. William Volkmann
read the same In German:
REPORT OF THE COMMITTEE.
The committee appointed at a tax payers
meeting to report to a subsequent meeting
amendments 10 the pending bills for COM
promising our city debt, recommended that
Mr.. Halls bill, with the following.a mend
ments, be adopted:
Section be amended by inserting the
following: Provided the rate of exchange
or payment shall in no case exceed fifty
cents in new bonds on the dollar of the
original face or principal of the old bonds,
exclusive Of all interest coupons or judg-
ments obtained thereon.
Amend section so it shall read as fol-
lows Gustavns Werlich, Daniel Hal, Pat
rick Devy, Michael j. Gallagher, Ferdinand
Hartwig, Frederick Hermann and Alanson
Boomer, are hereby appointed commission
ers in ana for the city, to be styled 'tCom-
missionels of the Public Debt" Gustavus
Werlich for the First Ward of said city,
Daniel Hall for the Second Ward of said
city, Patrick DeVy for the Third Ward of
said city, Michael j. Gallagher for the
Fourth Ward of said city, Ferdinand Hart
wig for the Fifth Ward Of said city, Fred
erick Hermann for the Sixth Ward of said
city, and Alanson Boomer for the Seventh
Ward of said city. Said commissioners for
the odd numbered wards, shall hold until
the first Tuesday of April, A. D. 1871, and
until their successors are elected and quail
lled said commissioners for the even num-
bered wards shall hold until the first Tues
day of April, A. D. 1872. and until their
successors are elected and qualified. On
the first Tuesday Of April in the year 1871,
and annually thereafter, at the annual cleo
ton for city and ward officers in and for
said city until the objects end purposes of
this act are effected and accomplished,
there shall be elected by the odd or even
numbered wards said city, as the case may
be, commissioners to supply the place of
those whose terms will then expire; said
commissioners thus elected shall hold for
two years and until their successors are
elected and qualified. The votes for said
commissioners shall be returned and can
vassed in the same manner as votes for
other city officers. In case of a vacancy
by death, removal from the ward for which
he may be elected, or resignation of any of
said commissioners, the Mayor shall on in
formation thereof, on FIVE days notice, call
a special election to fill such vacancy.
Said commissioners shall elect chairman
who shall corntersign all of said new bonds
before delivery thereof, and they shall re-
port quarterly their doings to the Common
Council.
Section 4 be amended so that The COM
pensation of the agent shall be fixed by the
Common Council.
Amend section so it shall read as fol-
lows There is hereby levied an annual tax
upon all the taxable property in said city,
sufficient to pay the interest and principal
CT said new bonds, as tue same shall become
due, and said. commissioners are required,
by the lst day of November in each year,
to certify to the City Clerk of said city, the
amount necessary to be raised that year for
such interest and principal and said City
Clerk is requested to put the same in the
ta of hat in Of a-I Ilrn Of
said commissioners to certify such amount
by the time above mentioned, the Common
Council of said city are required to direct
the City Clerk to put such amount into the
| tax list of that year and the Treasurer of
said city shall keep the same in a separate
fund, and shall not pay out any part there
Of except to take up the coupons Of prin-
cipai and interest annexed to said new
bonds, which coupons said Treasurer, at
any time after maturity thereof, shall pay
on presentation, and the same shall be re-
eeiYable for all taxes due said city; and in
case said bonds shall be made payable at
any other place than said city of Water
town, or any part thereof, then said Treas
urer shall promptly transmit the funds nee
essary for such payment to such place des-
ignated therefor.
lows: In case default shall be made at any
time in the payment of principal or inter
est of the new bonds to be issued under this
act, after judgment obtained thereon, the
Circuit Court of the county where such
judgment may be obtained, may direct the
City Treasurer of said city to levy and COL
lect the amount of such judgment out Of
the taxable property of said city, by asses
sing the same upon the last or next pre-
ceding assessment roll of the property OF
said city, in the same manner as city,
county and state taxes are assessed and col
lected 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 in
which the same may be situated, Ia the
manner prescribed by law, and the lands
shall be sold by such County Treasurer at
the next general tax sale for such delin-
quent taxes, as other lands are sold for taxes,
and when such taxes are collected the same
shall be paid over to the person entitled
thereto
New section. Seetion.-Said commission
ers may require if they deem it necessary,
an additional bond of the city Treasurer for
the faithful application Of all moneys that
said bond to be executed in the city of
WATERFOWL, approved by said commissioners,
and be for such sum as they deem necessary,
and in case of neglect or refusal of said
Treasurer for ten days to give such bonds,
after being notified to do so, his Office shall
be deemed vacant, and the Mayor of said
city shall call special special election on,
FIVE notices, to fill such vacancy.
countersigning, issuing or putting -nto CIR
culation of any of said new bonds for any
other purpose or otherwise than herein au-
thorized, OIL the signing, countersigning, is
uiug or putting into circulation OF any du-
plicate bonds or coupons contrary to the
provisions of this act, is hereby declared an
enlightenment of the same, and the officer or
person so offending shall be deemed to have
committed the crime of larceny to the
amount of the bonds or coupons so wrong,
fully converted, and shall be punished &C
cordingly-
The city Clerk shall be eu-c6fciO clerk of
the Board of Commissioners.