The Superior times. [volume] (Superior, Wis.) 1870-1912, 1871-04-22
Published March 8, lS71.l

CHAPTER 4z-GENERAL.
AN ACT to authorize the commissioners of scbo,,
ana university lands to loan the trust funds ia
scnoo districts for the purpose of building school
buildings therein.
The people of the state of Wisconsin represepted !,
senate and assembly, do enact as follows:
Section The commissioners of school and unver-
district in the state for the purpose of erecting
schoo buildings, and for other purpose of the
charge and under their control and for such term or
terms OF time, not exceeding ten years, as may be
the other Indebtedness of said district shall not ex-
ceed hve per cent of the assessed valuation of the
ceedng IN any case ten thousand dollars the legal
as o. tfdeso OF seven per cent per annum, and
ers shall prescribe and require and all such loans
snail snail De made payable in equal annual nstalments
with tn. interest payable annually thereon in advance
nec, Z. me commissioners shall make no loan to
any scnooi districts, on the application of any person
crpersons, unless such application be authorized by
voting Questions and dG'a at OF sad dn5est
the object of such meeting shall be clearly stated
81 any school district applying for loan shall be con
elusive evidence OF all the facts stated therein which
sis one and kept on file in Their Office ~ '0l %
ht sQch district shall have voted raise tax to
De used in erecting school building buildings in
sai1 District IN addition to such loan equal to
at least one half the amount of the loan applied for
such tax to be levied and collected within two
district to mas s h9 a oe for
such vote or in wise hinder delay postpone
Sec 4 Any district obtaining loan, as herein be-
tore provided shall annually during the continuance
OF sld oan raise by upon the taxable property of
SAID district sum of money sufficient pay the an
hua instruments with interest ONT loan provided
hereby authorized and directed in each and every
the town clerk of said town. in the same 10 manner ss
dlstr.cts are required by section ninetytwo of
W CLERKS all school a trc taxes e sn no
sufficient to quidate annually the interest and princ
amount Of any tax voted to be collected that year as
provded in section three of this chapter shall be in
serted IN the tax roll of said town. and collected
other school district collected and when SO
Soected shall be applied to the object herein speci
ned ana no other and any school district clerk who
shal Wliipy neglect to make the certificate pro-
meanor and on s tbereof goi ny OF
competent jurisdiction, shall be punished by fine of
hundred dollars. by imprisonment in the state pris-
on not less than nor more than five years, in
Sec s. All the taxable property in any school dis
trct obtaining loan under the provisions of this act
the interest thereon at the time and in the manner
hereln5sfore specified and the boundaries of said
therefrom any land included therein at the time of
shall faf o un d the ba dln be hereby s Of z
clerk OF any town in which joint school district
before the second Monday in September in each year
during the continuance of said loan, to make and
mcnt of the valuation real and personal property be
to that part of any snch Joint school district
rG of said town. and shall be the duty of secretary
Of state at the time he shall certify to the clerk of the
BOARD OF supervisors the amount OF state taxes also
to certify to the town clerk of any town in which any
school district part of district shall be situated
having obtained loan of money under the provisions
OF TINS act the amount that shall be due or to be-
come due for the year, of principal and interest OF
SAID ioan and the town clerk OF said town shall there
upon insert the amount so certified IN the assessment
rolls OF said town, upon said school district
part of district without any further other author
lty, TO be collected and paid to the town
urer of the where the school house is situated,
out OF the hrst money collected by him belonging TO
said district part of district and by said town treas
nrer PAID TO the county treasurer and by the county
treasurer paid to the treasurer said loan
Sec B. In any officer shall neglect refuse to
perform duty required of him by law in relation TO
the levy and collection of any required 70 be raised
pursuant to the provisions OF this chapter to make any
payment of principal interest it shall be the duty
II the attorney general forthwith apply to the