Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1870-03-15
LOCAL LAWS.
published March ], 1870.
CHAPTER 95-LocAr

AN ACT to authorize school district No. j. town Of
Bloomington Grant County, Wisconsin, to borrow .
certain sum Of money TO aid in the erection Of !
school house in said district
The people of tho state of Wisconsin represented in
senate and assembly do enact as follows
Section l. The district board of school district No.
in the town of Bloomington in the county Of Grant
and state of Wisconsin for the purpose of erecting
school house in said district hereby and
empowered upon the faith and credit said district
TO borrow a sum of money not exceeding twenty Il ' a
hundred dollars, upon period of time exceeding
fifteen years, and at such rate of interest as may be-
agreed upon not exceeding ten per cent per annum =
And said district board hereby authorized 10 give
notes, bonds or execute mortgage upon any Of the
property, real or personal, belonging such school
district, to secure the payment of the principal and
the interest the sum 20 borrowed
Section 2. Said district shall annually during the
continuance Of said loan raise by tax upon the taxable
property in said district, sum of money sufficient
at least to pay tho interest thereon annually and
one-ilfteenh l.l5) OF the principal Thereof and the
clerk Of said district ID hereby authorized and directed
in each and every year during the continuance of said
loan, with or without the vote of the electors of said
district, to certify to the town clerk of said town n
the same manner as district clerks now required
by law to certify TO town clerks all school district
taxes, an amount sufficient to liquidate annually the
interest and principal Aforesaid, which amount wht n
certified shall inserted in the roll Of said town
and collected as other school district taxes are collect
3D. and when so collected shall be applied to the object
herein specified, and other.
Section 3. For the purpose Of carrying into effee
the foregoing provisions and assisting said school dis
rct 10 raise said sum OF money for the object afore
said the commissioners Of school and univ ersy lands
are hereby authorized TO loan to said school district
No. l. town OF Bloomington aforesaid out Of any Of
the trust funds in their charge and under their
a sum OF money not exceeding the amount stated in
the first section Of this and for such term OF terms
81 times not exceeding fifteen years, as the district
board OF said school district may desire, and at the
legal rate Of interest per annum and upon such secur
y as said commissioners shall prescribe and require
And all the taxable property of said district shall
stand charged for the return of said loan and the
interest thereon, and the boundaries Of said sch oil
district shall not be altered exclude thsrcroin
any lans row included therein until the loan hereby
authorized shall Dc fully paid and il shall bs the Outs
Of the secretary OF state. the time he shall certify
to hs clerk OF the board OF SUPERVISOR the amount
Of state taxes, also 20 certify the town clerk Of
Bloomington the amount that shall be due or 10 be-
come due for that Year. of principal aud interest on
said 0an and the town clerk Of Fad town shall there
upon insert the amount certified In the assessment
roll OF ssid town, ~ tax upon said school district
without any further or other authority be- collected
other school taxes collected and paid over a.
the district board and by said board paid over 90 the
state treasurer upon aaid lean.
Section l. This act shall take effect and DO In force
from and after it's passage and publication.
ApprOvei FpLruarv 95 Tgg0