The Superior times. [volume] (Superior, Wis.) 1870-1912, 1870-09-29
AN ACT to authorize Douglas county to
issue itS bonds and take stock i'm the Su

AN Az W duCilOtHC bCNS' equity W
issue its bonds and take stock III the SUI
pcrior and State Line railroad.
The people Of the State of Wisconsin
represented in Senate and Assembly, do
enact as follows:
be and the same is hereby authorized and
empowered to issue bonds, payable in
twenty years from the date of such bonds
with seven percent. interest per annum, pay
able semi-annuailv, in denominations pinot
less than fifty nor more than one thousand
dollars, and to an aggregate amount OF three
hundred thousand dollars, for the purpose
of purchasing stock, to be held as the prop
erty of said county, in the Superior and
State Line Railroad Company.
Sec 2. At any time within six months
after the passage Of this act, and not after
wards, any ten Legal voters of the said
county Of Douglas may file with the clerk
of the board OF county supervisors of said
county, their request in writing for a
special election to be held at which the
question of issuing bonds as in the first sec
ton provided, shall be SUI ssi,ted to the
people of said county; and thereupon it
shall become the duty of the said clerk of
the board Of county supervisors of
Douglas county, forthwith to give notice
of such special election by publishing the
same in some newspaper published in said
county of Douglas, which said notice shall
contain the time and place or places of
holding said election, and the question to
be then and there submitted to the decision
Of the people. Such notice shall be pub
li>hed not less than four successive weeks
prior to the time of holding such election.
Sec. B. At the time and place Of holding
said election, the legal voters of said county
shall vote by ballot OIL the proposition of
issuing bonds. The ballots of those voting
in favor Of said measure, shall have written
or printed upon their respective ballots
the words ''tor issuing the bonds OF the
county of Douylas-yeS; those opposed,
ssfor issuing the bonds OF the county-no."
Such election shall be conducted and the
votes canvassei in like manner as other
county elections in this State, rs far rs
] applicable; and the board of canvassers
shall file their return of such cleo ton in the
Office ofthe clerk of the board of Supervis-
ors of said Douglas county.
| Sec. t. 1t shall be the duty of the clerk OF
the board Of supervisors of said Douglas
county, to lay before the board of Super
visors at their next meeting thereafter, the
return of said election thus filed in his
office; and in case majority of the votes
thus cast shall be in favor of issuing bonds,
then it shall be the duty Of the said board
of supervisors forthwith to issue the bonds
of said county OF Douglas to the amount
of three hundred thousand dollars, and
each bond for such amount as shall be
most convenient, within tine limits prescrl
bed in section one of this act, and shall
forthwith sell the same for the best price
they shall be able to obtain, not less thar
eighty cents for every dollar in the amour,
expressed. ant; shall invest the proceed:
of such bonds in the stock of the Superior
and State Line Railroad Company for and
on behalf of the said county Of Douglas
and the amount Of stock thus subscribed
shall be the property of said Douglas
county, to be held by said county i'll like
manner and under like regulations and re-
strictions rs other property of said coun
ty is nov 'loli and owned.
Sec. 5. No 2crds shall be issued rnles:
the questi + s . .h'~i.tct 10 tt2 Ho.er,