The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1872-03-14
Published March S, 1872 !


AN ACT to authorize the city OF Mautowoc to boz
row money for the purpose of building bridges.
The people Of the State If HIscoRst1. represented ii,
Senate and Assembly. 90 enact IS toljolcS:
SECTION |, The board of Aldermen of the city of
Maa.tOwdc are hereby authorized to borrow such
sum or sums OF money, not To exceed III tie
ayr the OF twenty thpi s ana d liars. a
sad board D Aldermen may deem Hec
essary the purposes hereinafter spec fed, ana
the rate Oh interest not to exceed ten per cent pei
annUIIr.
Sec. ,. For the sum sums of money so borrow
ed the said board OF Alderme n may city orders
city bonds 70 be issued which orders bonds shall
be signed by the mayc" of said city aud the city clerk
and he such den olinations may he thought best
by the said board OF Aldermen and shall specify the
time when each such Ordrr bond snail become
due and pa! able; fcrfdcd, hoicceeF, that no sUcl
order bond shall be issuol Tor longer term
period than ten years after the date OF issue Such
orders bonds shall have interest coupons attached
thereto for the interest falling due thereon IN eac
year, and such coupons shall be taken in payment fo
city taxes IN such years III which such coupons may
become due and pay able.
Sec. s. The moneys so borrowed shall be used
only for the purpose OF building drawbridee across
Manitowuc river IN said city OF Manituwoc, at place
where Main street crosses said Mantowoc river.
Sec. /. No money borrowed under the provisions o
this act shall be used for the purpose repairiu:
bridges, paying interest princp pal The der
or bonds iss led der the provisions of this act OF
principal interest any other Indebtedness saiC
city may have contracted may hereafter contract
for any other purpose whatsoever except speci
fed III section three Of this act
Sec. .. 1t shall be the duty Of the city clerk o
said city of AIauitowoc, whenever any orders bOud
shall have been issued under tie provisions OF tt
act to add annually to the amount OF lev led
assessed by the Board Of Aldermen of said city for tn
purpose OF deirayiug the general and special euss
of said city, equal to the whole amount OF prin
ciPal interest such orders or bonds which ma.
| become due and payable during the year next sue
eeeding the levy assessment and collection OF sHcl
taxes, and the added to the amour
of taxes LEVIED by said board of Aldermen, shall b.
assessed and collected i'll tue manner is nov
/ or may be hereafter provided by law.
| Sec. D. 1t shall be The duty of the Treasurer O
said city OF M"nitowoc to pay on presentation, cut
any moneys III his hands. collected for that purpose
or belonging to the general fund OF said city, all orel
or bonds issued under te provisions of this act,
any coupons thereto, which may becoMe due an'
payable. And in such orders. bonds or coupon
shall ave been paid OF moneys belonging to TIA
general fund of sad city, then such general !ud -si
lac TcIiiuuf.cG h the taxes oreeti 20 be ieNicsSess
/ ell AMI collected Icy sec ion 81 lis act-
Sec. l. All orders, bonds or buuons 50 pail 10y iii
city treasurer pTyv!LeI s-ct.ts OF tins aet.sal
forthwith De cancelled 10y sad TREASURER by WRITING,
printing stamping the ri ''iaii, in clear leGl
be letters tEc fee al such orders Lohus cr cuu
% and the shall he rHegel and cancel
lei lit the proper Looks to he op by aid tses'rerf
d"strb ell IN tie same manner other cilF "roe =
| bonds coupons issued hy tie c.ty OF Manitowc
! are counted and destroyed
| Sec s No order, bond or coupon iSsued under tn
provisions Of this act aud paid y the city treasurer
shall be ro;ssuel, shall orders. bonds or c
pons he issued for those which have been paid can
cellcd and destroyed prescribed ia section and
| of this
| Sec o. All acts and part. of acts. SO far IS tho.
Conflict with the provisions Of this act, are hegrJ
repealed
See 10. This act shall be in force from and ate
/ its passage and publication
| Approved March D. 1872