Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1873-11-27


by actually collecting such taxes from
an unwilling and opposing people.
And whereas, in view of these facts
an effort was made by The board to
settle and compromise said judgments
upon such terms as wonld be satisfac,
tory to the people, and do away with
all opposition to paying.
And whereas, substantially an agree
ment has been made with tho holders
of nearly three quarters Of the whole of
said debt, and it being thought that the
balance of the bond holders will vet
agree thereto, to settle aud comprom.
Use the same for sixty.ive cents on the
dollar, payable in six annual payments
with eight per cent interest, on terms
and conditions satisfactory to major.
lty Of this board as is shown by said
agreements on the records Of this
board
And whereas, certain parties dis.
satisfied, as has been stated, not with
the sum of money to be paid, but with
the mode and manner of securing and
paying it, have enjoinod this board
from compromising said bond debt,
according to the terms of said agree
ments, which injunction the circuit
court refuses to dismiss or vacate
And whereas, this board believes
that the people of this county are
willing and viii pay sixty.fve cents
on the dollar, of said debt, in six pay.
ments with eight per cent. interest.
each payment to cancel and discharge
one.sixth part Of the deb, and that
that amount can be collected aud SO
applied by this board, aud that the
owners OF SAID bond debt viii accept
the same on these simple terms
Therefore, this board relying upon
the clemency Of The court, and belIev,
ing the burden all the people can bare,
and IN good faith, pledging their every
effort to actu;lly procure the speedy
payment of the said one sixth OF said
debt, and said amount thereof an.
nuaily, thereafter, do hereby ABORT
the following resolution:
Resoloed, And it is hereby ordered
and determined by this board, that the
sum of one hundred aud fifty thousand
dollars be levied as a tax on all the
taxable property of Iowa county as
shown by the assessment roll for the
gear A. d, 1873, the same to be
promptly paid over to the fund com
missloner2 of the county, by the coun,
ty treasurer as the same shall come
into his hands, FROM time to time, to
be by them faithfully applied to the
settlement and compromise of county
bond debts, as above set forth. This
resolution is passed and said tax levied
in pursuance Of the writs of mandamus
issued in the said suits compromised
also in pursuance of the general pow
ers of the board aud Of the comprom-
Use law of 1873, and all the powers
and provisions thereof which validate
said tax shall apply hereto, and most
especially the provisions Of the com
promise law of 1873, and Of the fund
commissioner law OF 1869, which ex.
empts said money when collected from
legal process and prevents it being
used for any other purpose.
ReSoiced, that Joseph Gundry Sam
uel Hoskins and David Mcfarland be,
and they are hereby appointed Fund
Commissioners according to the provis
ions of Chap.2O7 OF the privatean1 local
laws Of Wisconsin, for 1893, "cntitlod
an act to provide for board Of Fund
Commissioner" for the county of
Iowa, with all the rights, power and
authority by said act conferred, and
who shall have the exclusive control
and custody Of all money collected by
virtue Of tie tax, now and hereafter,
levied for the SCI Element and com
promise Of Iowa county railroad bond
inatbtedness, and Of all proceeds Of
sales for the non payment Of said tax
and the certificates thereof, which !
shall vest in said commissioners, aud |
shall faithfully use the same in consu
mating such compromise or settlement
as may be agreed upon by them and
said creditors as by said act provided.
Said Fund Commissioners to hold
their Offices for the respective terms Of
three, two aud one years according to
the oruer in which their names are
above written. The clerk Of this !
board Is directed to issue commissions
to said parties, according to said law
Mr.. Meigs moved to ill the blank |
therein with the sum Of 32J0O0D /
which motion prevailed by ayes and
noes as follows;
Ayes--Bainbridge, Bennett, Coates,
Davies Humhert Jones James * NIGHT /