Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1879-02-05
Laws.
Published January 81, 1879
CHAPTER :,

TACT 10 authorize the commissioners of public
|s1s 10 loan a portion of the trust funds of the
t,u to the town of Mineral Point, in Iowa
bounty
| r,9ple Of the state of Wisconsin, represented
Snate and Assembly, do enact as follows:
! ri0u l. The commissioners Of public lands
hereby authorized to loan a portion of the
EMuls of this state, not exceeding twelve
eSni dollars, to the board of supervisors OF
| low, OF Mineral Point, in the county of Iowa,
he said board of supervisors is hereby au-
EHd % borrow sum not exceeding the
ant above named of said commissioners, and
sue to ,aid commissioners certificates of the
tleineSS so ontracted Said Indebtedness
bear interest at The rate of sc en- per cent.
SuEuu and said interest shall be paid annual
' mi after Il years, from the date of such Ger
aG III addition to the interest, there shall
paid not less than one tenth of the princi-
an until the whole is paid.
.lln . Each and every year until tic
clean he repaid, the secretary of state shall
ElhesppDrtions the state tax among the sew
UlDe, add TO the state tax which would
ITHrly cho rgeable to said county of Iowa,
Gl98l interest due the state on said loan,
10 each year after six years from the date of
! certificates III addition To said interest. ten
,aMlhc principal sum so loaned and the
shall De levied and collected ont of the tax
property o said town. and paid over to the
MU treasurer of said county of Iowa, and by
% ne Stale IN the same way as other state
Nafg collected and paid.
tN2 81 the time and in the manner pro.
Nhr,cWing taxes for state and county pur-
%a. board of supervisors of said county of
laa, levy the amount of money required
M PAYMENT of the annual interest, and after
!esN i0m the date of said certificates in ad
nNaM interest, ten per cent, of the princi-
sun .oanti by the commissioners of public
hWhg supervisors of the town of Mineral
p, E 'aN county of Iowa, as provided for in
Preceding sections OF this act
fei@t ind II is further provided that the
town NmrE1 Point shall never during the
&l, m-ui.ateS of Indebtedness, or any of
nl,,R unpaid, become indebted, or con
lrls hr greater amount than five per
Uhe average taxable property ofsad town,
tMot snail appear from the last two assess
o.>o said town, previous to mourning said
elAfS Before any of said trust funds
oe lrIvered TO the board of supervisors of
"hA h exchange for said certificates OF in
fHe~ the board of supervisors of said town
s1Il'n certified to by the chairman Of said
sns Ueclers thereof, shall file with the sec
" 'VJoaN acceptance of the provisions OF
!. aa4 otthe terms and limitations herein
lel Cor.
oa' Nothing in this act shall prevent the
H""NohcTS or pubilc lands from recelV'
.l' said town OF Mineral Point from pay
~ NOt year, two OF more installments OF
pIHFai sum, which may be loaned as above
~ eos'6ed. that said commissioners OF
amos shan not make said loan, or any part
,a.I two certain judgments against the
~" gu! OF Mineral Pcint, recovered by
D1"t4, one for twenty thousand, forty
~ vi E-hye one-hundredths dollars in the
'lH ot The United States for the western
y. wise nSln, September IS. 1872, and
'r ihree thousand, five hundred and
~. ana Hity-une hundrcdths dollars in
..' court o the United States for the east
W.. OF Wisconsin, be satisfied and dis.
+! Me owner thereof
3iN act shall take OBJECT and be in
e.g '. s'.I aitr us passage and publication
''gt'2nuary 30, 1879.