Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1870-04-08
Laws Of Wisconsin.
loFFIcIALl
:jPublished April Q. iS7d}
TIA pTEP AlS-Y,nrAY

CHAPTER 445-LocAL.
ANSACr to avshorize schoo, distict No oetAe town
of D9dgeviile Iowa county, Wisconsin,, to borrow
money TO aid in erecting, furnishing and finishing
school house.
The people Of tho state Of " seons,u represented In
Sen ito and asst mbay, do enact as foliews:
Sec. The district board of school district mum.
Der ono Of the town of Dodgevile, county of Iowa,
state Of Wisconsin, for the purpose Of erecting finish
ing and furnishing school house in said district are
hereby autborized and Empowered upou the faitl,
and credit # said district to borrow OF money
not exceeding Eve thousand dollars for period Of
time not exceeding fifteen years. at such rate Of in
terest not exceeding ten per cent per as may
he agreed upon the interest to be paid annually and
tho principal to be paid at such time or times as
not exceeding the time hereinbefore limited aud said
district board are hereby authorized to give note
notes. bond or bonds, on behalf Of said district
and t1szscuss mortgage upon any persons.
ment Of the principal and interest Of the money 20
seq Said district shall annually during the con-
tinuance said osn raise BY tax upon the taxable
property in said district sum of money sufficient at
least pay the interest thefepn annually. and 50
much Of the principal s mas become duo in any year,
action of said district; the clerk thereof 10 hereby
authorized and required in each and every year dur
iug the continuance of said loan to certify 70 the
town clerk Of said town In tho dis.
trict clerks required by law, to certify to
town clerks all school district taxes sum.
Cient to Qu1date annually interest ana principal
as il becomes due. which amount when certified
shall be inserted In the tax roll OF said town, and
collected as other school district taxes colecte
and When collected shall be applied to the object
| herein specified and to no other.
Sec. g. For the purpose Of carrying In ITO effect the
eregoinS provisions and assisting said school district
to raise said sum Of money for the object Aforesaid
thr commissioners Of tho school and university lands
are hereby authorized loan said school District
out ofany trust funds In their chage and under their
| control. sum Of money not, exceeding the amount
spec6ed in the FIRST section Of this act, and for
stGh term or terms Of time not exceeding fifteen
years a. the district board ofssid district may do.
sire and all the legal rates ofipterest per annnm:
and upon such security such commissioners shall
prescribe and require and the taxable proper
Ct said school district shall stand charged for the
payment of the moneys borrowed and the interest
shall not be SO altered exclude therefronn any
lands encuded therein. until the laon hereby
authorized shall b. fully paid aud it shall be the
duty of the secretary of state at the time he shall
certify to the clerk OF the beard Of supervisors the
amount taxes also &c certify to tho district
ar become due for that yea, for principal or interest
or both on sd loan and tbs s.d district clerk shall
tberunon forth th certify said amount to the town
clerk Of said town of Sdeevie, In the same manner
that he Is required to certv other school disfricf
taxes and the town clerk Of ID town shall there
assessment roll Of his town tax Upon rafd school
district without further other 10 Dc col.
ected and paid TO te district board and BY said
board paid to the state treasurer such
and said dsitrict shall keep its school buildings IN
eured In good insurance company for the beucnt
Of the state during the time said loan or any part
thereof remains unpsid.
See. 6 This act shall take eject aud be N soses
from and after lie passage sne publtca.ioo.
Approved March II, 1870