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

10
sued and the secretary of state shall under his seal
of office, certify upon each of such bonds the fact
of such registration for which registration and GER
tifcate he shall be entitled to fee of twenty-five
cents to be paid by the holder of said bond.
Sec. T. In all cases when any town, incorporated
city village shall issue bonds under the provisions
of law and be entitled to the benefit of this act it
shall be the duty of the town clerk of such town. or
other proper officer Of such incorporated city or
village in whose Office the assessment rolls of such
town, city or village shall be when completed
within hve days after such completion to make out
and transmit to the Secretary of state to be filed in
his ONCE, certificate stating the total value of all
taxable property, real and personal, within such
town. incorporated city village, as exhibited by
such assessment.
Sec. 8. Section eight (s) is hereby amended so as
to read as follows: When any such bonds of any
town. incorporated city village shall be registered
in this act provided. the secretary of state shall
annually ascertain the amount of interest and prin
cipa for the current year, due and accrued and to
accrue upon such bonds, and from the amount so
ascertained he shall deduct the amount in the state
treasury placed to the credit of such town. ncorpo
rated city village herein provided and direct
ed and from the basis of the certificate of valuation
of property, hereinbefore provided to be transmit
ted to him, or in such certificate shall be
filed in his Office then upon the basis of the total
assessment of such town, incorporated city vii
lage for the year next preceding, he shall estimate
and determine the rate per centum on the valuation
of property within such town, Incorporated city or
village requisite to satisfy the amount of interest
and principal, due and to become due within the
year. and unprovided for, together with the ordna-
ry costs to the state for collection and sburs
of the same, to be estimated by him; and he shall
make and transmit to the clerk of such town. incor
porated city village other proper officer whose
duty it is shall be to prepare the estimate and
books for the collection of state taxes in such town.
incorporated city or village, certificate stating
such estimated requisite per centum for such pur-
pose, to be filed in his Office and the per cent
UNI shall thereupon be deemed added to and a
part of the per centum which is may be levied, as
provided by law, for purposes of state revenue, and
shall be treated by such or officer in making such
estimates and books for the collection of taxes; and
the said tax shall be collected with the state revenue
and all laws relating to the state shall apply
thereto, except as herein otherwise provided.
Sec. 8. Section nine 90 is hereby amended so
to read follows. The state shall be deemed the
custodian of the several taxes collected and cred
tied to such town, incorporated city village, and
shall not be deemed in any manner liable on &C
count of any such bonds, except to the extent of
the money received for their payment under the
provisions " this act The state shall annually col
lect in Lawful money all the said taxes to be placed
to the credit of such town. incorporated city vii
lage aforesaid, for and until the bonds fully
paid, and shall apply the when collected to the
payment of the principal and annual interest OF
such registered bonds of such town, Incorporated
city village, and for and during the remainder of
the term of years during which such registered
bonds shall remain unpaid. The funds provided
for in section four of this act accrng from taxes
license fees, collected the property earnings
of said railroad or railroads. and the surplus of the
other funds in this act provided remaining after the
payment of the interest on the bonds. shall be APP
piled to the payment of the principal of said regis
tered bonds herein provided at the Office of the
state treasurer and the interest coupons and bonds
when fully paid, shall be returned to the office OF
the state treasurer and shall be Cancelled and de-
stroyed.
Sec. 10. Section ten 40 is hereby amended so as
to read as follows: And it shall not be lawful to reg
lister any bonds under the provisions of this act nor
to receive any of the benefits or advantages to be
derived therefrom, until after the railroad for the
purchase of whose stock said bonds were issued,
shall have been completed to such point as may
through
such town, incorporated city or village and cars
shall have run thereon and none of the benefits adj
vantages provisions of this act shall apply to any
debt unless the question of making the subscription
to the stock of such railroad company shall first
have been submitted to election of the legal vOt
ers OF such town, incorporated city or village, as
hereinbefore provided And it is hereby further
provided that when any bond or bondf issued under
the provisions of this act shall have been turned
over to any railroad company, provided herein,
and registered by the secretary of state required
III this section, such possession and registration
shall be taken complete and sufficient evidence in
law and in equity that all the forms conditions and
requirements of this act have been complied with.
Sec. IL. Section eleven az of said chapter "A Is
hereby stricken ont.
Sec. II. Section twelve 90 of said chapter is so
amended as to read, :" section II, and also to read
This act shall be construed TO authorize and pro-
vide for the payment and the registry by the
tary of state, of bonds issued in payment OF sub
scriptons to the capital stock Of any such railroad,
to the extent of five thousand dollars per mile, and
no more in the aggregate OF its entire length within
this state; also to provide that the amount of stock
which any one town, city village votes for or
subscribes shall not exceed its equal proportion
cording to the equalized value of the property OF
the several towns, cities and villages through which
the railroad such portion thereof to be built
WITHIN hXed time under a single agreement,
passes. And ii is further provided that instead of
voting $1,000 per mile as herein authorized any
town. city or village may vote TO subscribe to the
capital stock of any railroad parts thereof this
state thereafter to be built, to the amount of five
per cent on the assessed value of the property in
M pit int or aart 10 said
road may run, or any other sum not exceeding said
five per cent, to be collected in the manner
provided in section eight of this act and such other
sections as may be necessary thereto, and when sc
collected (and at such times provided in section
of this act) shall be paid upon said bond bonds
| as in this act provided.
z Sec 49, Section thirteen 81 of the said chapter
| is hereby amended to read " section twelve
| H." The bonds of each and every town, city and
village, issued and registered required by this
| act, shall be numbered from number one upwards
in the order issued, and endorsed by a res
ervation printed the back of EACH that they shall
be payable in the same order, and fast the
funds, provided from all sources by this act in the
hands of the state treasurer viii warrant, whether
due according to the terms therein expressed not
and for this purpose, said treasurer shall to
be inserted, in the first daily issue of the official
state paper in January, April, July and October OF
each year, notice giving the name of the town,
city or village whose bond or bonds provided
for and their numbers thus payable from tn .funds
IN the treasury applicable thereto, and the effect of
such notice shall be to stop the interest such
bond or bonds SO designated, from and after ten
days after such publication, and until their present
alton for payment with all unpaid interest coupons
attached.
Sec IA. Section fourteen "a of the said chapter
is hereby amended so to read "section thirteen
IL" This act shall not be construed to prohibit
towns, cities villages from issuing bonds in aid
of railroads in any greater amount than FIVE thous-
and dollars per mile under any laws heretofore or
hereafter to be enacted by the legislature of this
state.
Sec. 15 Section fifteen (15) of said chapter is
hereby amended so to read f'secton a. " and that
this act shall take effect and be in force from and
after its passage.
Approved March t. 1871.
Published March s. ISL
CHAPTER 50-GENERAL
AN ACT to amend section 10 of chapter "a OF the re
vlsed statutes, entitled "of limited partnerships
The people of the state of Wisconsin, represented in
senate and assembly, do enact as follows:
Section l. Section thirteen of chapter sxty-four of
the revised statutes amended so as to read as fol-
lows The business of the partnership shall be con-
Quoted under firm in which the names of the gen
era partners only shall be inserted except that when
there are two or more general partners the firm
may consist of the name or surname of one or of
the surnames of more than one of such general part
with the addition of the words land company or
be used in suchfrm with his priviy he shall be deemed
general partner Such partnership shall put up in
the building in which it has its chief place business
some sign on which shall be painted in egiple English
Sec 2 This act shall be published Immediately, and
Approved March 4. 1871
Published March 10, 1911
CHAPTER 5I-GENERAL
AN ACT to amend chapter 12l of the revised stat
utes, entitled of the jurisdiction of justices of
the peace In criminal cases, and proceedings
therein
The people Of the state of Wisconsin, represented in
senate and assembly, do enact as follows:
Section /. That section 80 of chapter I21 of fine