Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1873-09-26
The neW, Bonds.

1t win be noticed. by examining our
Fast weeks iSsuc, that the Board of Su-
perviSors of this county, at a special SEES
sion, attempted to re-er.act its old plan of
settlement with the judgment creditors
of the county. Advised as this Board is
by two or three lawyers who are espec
tally employed for this purpose, and who
watch over and direct the proceedings Of
the Board and its com nittee with great
care, we are surprised at the result of
their combined wisdom, or perhaps, more
properly speaking, wilul stupidity. Aad
fist we call attention to the fact that this
special meeting of the Board is illegal.
and all proceedings therein of questiens
Die validity. The statute provides that
special mcetins of the County Board Of
Supervisors "shall be holden only when
requested by majority of the members
thereof, which request shall be in writs
ing addressed TO the Clerk Of the Board
and specifying the time and place of such
meeting, and report the reception of such
request. The clerk SkalJ saenaediately
transmit notice In eorGting, Of such meetinq
to eaeh Of the members IT the Boastl." The
clerk did not transmit the notice in writ
ing, as required by law, and the full Board
was not present
Iase resolution accepting n approving
She compromise proposals was adopted by
vote OF nine to six, while the law under
wms this compromise Is proposed to be
made, and under which this Board pre-
tended to act, requires majority of two
thirds Of said Board, and if UGH agrees
fail IN -.
shall be nall and void. The Board also
agreed to issue negotiable bonds to Beech
CT, "clcan aud without reference therein
TO the old litiga,ed affairs of the county"
and are chldlike enough to believe that
long, verbose stipulation, winding up with
the follow ,g cia1se-"Tt is still further
stipulated and agreed by the parties hereto
tiat this stipulation shall be honestly and
fairly construed as q whole, including the
several above documents, az 81 bstantially
fair and upright settlement or compro
mise of the said several judgments, at IS
cents on the dollar, payable in six pay
ments, with eight per cent. interest, the
original debt TO be held until the sixty five
per cent. and interest on it is paid as
agreed. And II default is, made, the
plaintiff Cor his assignee) to have full
right, as he now has, to proceed to collect
his Judgment, 6rst credlting on it at par
such suiaS Is may have been paid on this
compromise, protects the people in case
of default, from liability to pay the
bonds, as we'll - the Judgments. This is
in substance the old settlement over
again, with the exception that this com
SlGo4nlscAs to'be valid for any amount or
any sum to which the different creditors
may assess. This then fixes the CONNER
cial value of judgments on old bonds
against Iowa county. No one need long
er indulge in the hope that after the sew
eral meetings this Board has had, and
observed the result, that creditors will
take less than 10 so persistently offered.
Is this right! Will the tax payers en-
derse such proceedings? Two years ago
these judy nents had bat little value, were
dull sale at Fifty cents, and the same, or
neaaly the same, authorities managed our
eounty matters then as now. Viii the
people ASSENT to the issue Of another set
Of bonds, ''clean and without reference to
the old ltigated affairs of the county,"
to be negotiated by unprincipled shy
locks, and in case of default in payment,
all be held by innocent parties, and a
valid claim against the county and the old
judgments unsatisfcd ? It's both unfair
and III inst.