Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1875-03-03

a DILL 10 amenu cuapteF SeFeuty-tWO, ~
of the Private and Local Laws of 1870,
entitled AN act to enable the city of
Watertown to settle their railroad debts"
approved February 18th, 1870.
The people of the State of Wisconsin repre-
sented in SenGte and assembly, do enact as
tozzoaUs:
Section l. Section nine, of chapter sew
enty-two, (72,) of the private and local
laws of 1870, entitled San act to enable the
city of WATERFOWL to settle its railroad
debts" approved February 18th, 1870, is
hereby amended by adding to section miro
(9) at the end of said section the following
words: "And if at any time the annual
tax TO meet and pay the principal and in
terest of the said new bonds as fast as the
same will fall due, shall not be, or shall not
have been levied, or shall not be or shall not
have been placed In the tex lists pursuant
and according to the provisions of said act
to which this act is amendatory, the treas
urer of said city shall promptly ascertain the
amount of all such principal aud interest OF
said new bonds as will fall due and become
payable before the time OF the collection Of
the next ensuing annual tax of said city;
and thereupon he shall first reserve out of
all moneys which may come or may have
come to his hands for general city taxes,
sum of money sufficient tor the full pay
ment thereof, ard be shall thereafter prompt
ly pay the same at the maturity thereof,
and in case of his failure to make such pay
ment pursuant and according to said chap
ter seventy-tro, (72,) as hereby amended,
he and his sureties shall be liable in actions
on bis official bond as such treasurer to the
holder and all holders Of any bonds or cou-
pons or written contract for the payment of
such principal and interest Of said new
bonds, to the full amount that may or shall
become past due and payable thereon;
Provided, That if at any time there shall
be an insufficient amount of money in the
beneral fund of said city to pay tn INSTALL
meuts of principal and interest of said new
bonds as the same become due, then said
| treasurer shall take sufficient amount to
pay the same in full from any money ex-
cept state, county and school taxes which
shall or may be in his hands or custody, as
such treasurer, and pay the same. which
sum so taken be shall restore from said
general fund to the fand from which it may
be taken as soon thereafter as possible.
lind it is further enacted, That if the
amount necessary to pay said installments
of principal and interest as they become
due, shall not at any time be properly placed
in the annual tax roll and lists Of said city,
to be collected pursuant and according to
the provisions of said chapter seventy-two
(72,) then in that case all the coupons for
the said installments which may or will be-
come due and payable before the time for
the collec ton of the next ensuing annual
tax shall be receivable and shall be receiv-
ed in advance of their maturity by the
treasurer of said city in payment of all
taxes he may be required to collect as such
treasurer, except state, county and school
taxes. And if the clerk or treasurer OF
said city shall wlfully refuse or neglect
to perform any act or duty required of, or
enjoined upon him in and by ssid chapter
seventy-two, (72,) as hereby amended, he
shall be deemed guilty of misdemeanor,
and upon conviction thereof he shall be
fined in the discretion of the court, IN q
sam not exceeding one thousand dollars
and costs of prosecution and stand commit
ted until such fine and costs are paid. The
tax to pay said new bonds and coupons if
not placed in the annual tax roll may DO
levied and collected separately at any time
during the year by said clerk and treasurer
Ii the same manner as the annual taxes
are levied and collected.
Section 2. This act shall take effect and
De in force from and after its passage and
publication.