The Superior times. [volume] (Superior, Wis.) 1870-1912, 1871-04-22

preme court for the issuance of a mandamus to COM
pei the performance of such duty provided that the
PROVISIONS OF this section shall apply to each and
special act which does may hereafter authorize
such loan to any school district
sec Z; Application for the of school moneys |
under the provisions of this act shall be made by the
writing stating the amount required and the total as
sessed valuation OF the property of said district
Which shall be recorded IN the ooe OF Of he secretary
Of state, and said application shall be acted upon by
the commissioners of school and university lands in
the order OF time in which said applications made
4as 6 e o %
bill becoming law shall have precedence in the
trcts filed with the school Land commissioners within
thirty 300 days after the passage of this act
visions of this act or under the provisions OF any
special act authorizing loan to any school istrict OF
ey to be paid to the state payment Of the
thereof and neglect or refuse to pay the same to
the officer designated by this act to receive said
be deemed guilty Of acknowledgment.
Sec g Any school district clerk who shall wilfully
neglect or refuse to certify amount sufficient to
quidate annually the Interest and principal they
IONS oi any special act upon any loan from the trust
funds of the state required by this act
and conviction thereof before any court of compe,
tent jurisdiction, shall be punished by fine of not
bred dollars, by Imprisonment in the state prison
not less than one year more than five years. in the
Sec. TO- 1t shall be the duty of the attorney gen.
era to prosecute without delay all ofenses arising
der this act and of all district attorneys when called
upon by him. to render him all needful assistance in
Sec. H. 1t is hereby made the duty of the secretary
OF state and he is hereby authorized in case of the
do any duty required of him in this act. to do the
Sec r. This shall take effect from after its
Approved March 8. 1871
Published March 6, 1911
CHAPTER 43-GENERAL.
AN ACT relating to and amendatory Of section six of
chapter lb0 OF the general laws of 1859, entitled AN
act to prescribe and limit the rate of interest"
The people of the state of Wisconsin, represented in
senate and assembly, do enact as follows
Section l. The provisions If section six of chapter
one hundred and sixty of the general laws OF 1859 en-
titled IAN act to prescribe and limit the rate of inter
made spR he 18th day Of Ap and
either directly indirectly reserved. secured
taken thereby, whether such contracts have been
corporations shall any court declare such con
tract void, enjoin prosecution relieve from
celed and delivered up except upen the recognized
principles OF equity Jurisprudence
Sec. 2 80 much of act conflicts with this act
is hereby repealed and this act shall take effect from
Approved March 1871,
Published March !, 1911
CHAPTER 45-GENERAL.
AN ACT to amend section of chapter So of the gen
erai laws OF 1855, entitled AN act for the formation
ana protection OF county agricultural societies"
The people of the state of Wisconsin, resented in
senate and assembly, do enact as follows
Section seetien one of chapter g Of the general
OF said section the following words: ANY such soci
iiy snail also have power to agree upon and tx vaua
aggregate valuation into equal shares to issue to its
bers to whom such certificate is issued Such GER
and shall be transf erable: and any member of any
such society who shall sell and transfer all his
! and int he yofeu nall
thencetort tn, cease to be a member thereof
Sec 2 This act shall take effect and be in for ce
Approved March 8. 1871.
Published March s, 1911
CHAPTER 48-GENERAL.
AN ACT to amend chapter "a of the general laws of
$780, entitled Gan act to encourage the construc-
! ton of railroads in this state"
The people of the state of Wisconsin, represented in
senate and assembly, do enact as follows:
Section !. Section of said chapter "a is here
| by amended go as to read as follows: Whenever
| any railroad company chartered under the laws of
this state shall determine to build railroad under
their said charter they may procure call for spe
cial town meetings in the towns, cities and villages,
or any of them, to or through which they pro-
pose to run their said line of road Said meetings
shall be called in the same manner as now provided
for calling special town meetings in this state"
| Sec. .. Section two (2) of said chapter is hereby
amended to read follows: "The town
clerk, or the clerk of the city village, the
may be, shall upon the same requistion give the
SANE notice of any such election, and of the bust
ness to be transacted thereat and in the
ner as is now provided by law in of special
business at special town meetings. Said notice
shall also specify the point points in the town,
village or city TO which said railroad shall be built,
the amount of the subscription to be made and of
the bonds proposed to be issued, the length of the
time they to run, the amount that shall be paid
thereon each year during the time they have to run,
the fstt they shall bear. the railroad for
whose stock they are to be used when to be deliv-
cred, where to be made payable, and when the rail-
road is to be completed to certain point. At such
election, those voting in favor of the proposition
shall deposit ballot containing the words, 'for the
railroad" and those voting against it shall deposit
ballot containing the words, against the railroad.
The election shall be conducted and the votes shall
be canvassed and certified and recorded in the
same manner as the votes given at the annual town.
city or village elections And if majority of the
votes cast at such election shall be 'for the rail
road, subscriptions shall thereupon be made to the
capital stock of SAID company by the chairman OF
the board of supervisors of the town; the mayor OF
the city, or the president of the village the case
may be prOui{ed that a majority of all the votes
cast shall be in favor of such aid and shall be equal
or not less than majority of the votes cast at the
next preceding annual town meeting in such town
1t shall not be lawful to strike from any such town.
city village any of its territory while such bonds
shall DC outstanding and unpaid and the issuing OF
SUCH bonds shall be deemed contract that territory
of such town, city village shall not be diminished
while such bonds shall be unpaid in whole or in
part"
Sec. 3. Section three 81 of said chapter is hereby
amended so as to read as follows: Such bonds
shall, according to the purpose for which their issue
Is authorized as III the preceding section and else
where in this act be delivered in payment at par
for shares of stock subscribed for by any such town.
incorporated city village, when all the conditions
precedent on the part of such company, in this
act provided, shall have been performed. They
shall be signed by the chairman of the board of
pervisors and town clerk of the town, the mayor
and clerk of the city, the president and clerk of
the village, the may be, voting the same, with
| annual interest coupons attached in the usual
form. Said bonds shall be made out and signed
above provided when said road is located and the
line recorded or placed on file in the town. village
city clerks office of the town, village city in
which it stpulatedit should run, describing at
least each section which said Line runs and the
said bonds shall be deposited with custodian
/ to be agreed upon by the president of said rail-
road for whose stock they were voted, and the
pervisors of the town, president of the village
mayor of the city and the said custodian s hereby
required to turn to said rail- DAD company said
| bonds when the said company have finished the
road to the point points agreed upon and named
in the call for the special town meeting voting the
same and not before all the conditions upon which
they are issued shall be stated therein. There
shall also be endorsed upon the back of each GER
tcate of registry to be signed by the secretary of
state. The shares of stock in such railroad compa-
ny thus taken by said towns, cities villages and
all dividends arising therefrom, are hereby pledged,
while they remain the property of such town, city
village for the payment of the principal and in
terest OF the bonds delivered for such stock And
the supervisors of the town, trustees of the village
or aldermen of the city may contract to sell such
stock and transfer the same to any purchaser, and
the proceeds of such sale shall be applied to the
payment of the interest and principal of such
bonds, and for that purpose the shall be i'm
| mediately deposited by the officer receiving the
same, with the state treasurer, and said town. city
village credited therefor, to be used by him in
connection with in lieu of the other funds stand
ing to the credit of such town, city village. The
board of supervisors of the town, common council