Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1890-01-16

Six of these bonds are now held by A. L. Smith.
of Appleton, as agent for the estate OF Marsh, de
ceased, and he presents a bill, demanding payment
on 5 bonds matured, and also asks for s2SSo3I inter
est.
The First National Bank of Grand Rapids holds
two bonds, which have not yet matured.
The estate of Thos. B. Scott have presented cou-
pons for one bond, which 1t is presumed is held by
that estate, and two bonds were paid by the late
county treasurer, Henry kuntz, The fact that inter
est on these two bonds were paid, one tor SIX and the
other for three years after they matured, would seem
deserving of comment; but inasmuch as the COM
mittees who settled with him allowed the amounts,
your committee IS content by simply calling your at
tention to the matter. In the r~efunding acts it was
expressly declared that nothing therein contained
should be construed as recognizing the validity of
said bonds; and your ommittee believing that it
was intended that all bonds should be refunded at
fifty cents on the dollar, have prepared a resolution,
which, if adopted. will enable them to either adjust
the outstanding bonds on this or some other reason
able basis or test their validity in the courts.
WHEREAS, In the refUnding of the Wood county
railroad bonds, eleven bonds were not presented for
adjustment; and
WHEREAS, At the time of said refunding, there
existed and does now exist grave doubts as to the
legality of said bonds; and
WHEREAS. The parties holding such bonds as
have matured now demand payment of both princi-
pal and interest; now therefore
Be HReSOt0ed, That the county clerk and county
treasurer be and they are hereby instructed to pay
none of these bond or coupons.
Res0i1ed further, That the finance committee are
hereby authorized and empowered to negotiate with
the holders of said bonds and either compromise the
same or compel them to test their validity in court.
ReS0i1ed further, That if it become necessary to
protect the countys interest in court, the finance
mmitte are hereby authorized to employ such
counsel as they deem proper to assist the district at
torney.
Resokaed further, That if the finance committee
can agree with the holders of said bonds, the chair
man of the County Board and county clerk are here
by authorized and directed to draw and the county
treasurer to pay such orders as the finance committee
may recommend, in payment of said bonds and cou-
pons.
NJ. X. HANSEN, chairman.
Motion made and seconded that the report and
resolution be adopted. Carried.
Ia tie Honorable, tie County Board Of Supervisors
Of Wood C0Mnty. Wisconsin,.
GENTLEMEN:-The finance committee, having
had under consideration the question of the tax levy
for the year 1889, would commend that the amounts
as stated in this report be LEVIED and assessed upon
the taxable property of Wood County, Wisconsin,
for State, County, and County School Superintend-
ent'S salary, to-Wit:-
State School fund, s3794.7l
Hospital for Insane, S7o465
Industrial School for boys, 1857
Due Fond du Lac Co. for insane, I6I.7z
Due Vernon Co., care of insane, 5O9S
% 5,185.oz
County tax, 100000
stationery and ptg, 1850
- o25.oo
s~239o5.68
All of which is respectfully submitted
Signed, M. r. HANSEN, Chairman,
I. L. NASH,
/. A. ARNOLD,
A. c. BRIGGS,
L. WARD.
Motion made and seconded that the report be
adOpted.-Carried
To the Honorable, the Board of Subeyz1smY:-
GENTLEMEN:-The finance committee, in pur-
suance to Section 1914 of X. S., and Chapter 287,
Laws of 1885, recommend that the sum of Seven
Thousand, Eight Hundred One and 7o-IOo dollars,
(S78oI. 7o) be levied and assessed against the taxable
property of the towns, cities and villages of Wood
County, Wisconsin, for County School tax for the
current year, according to the schedule of the Super
intendent of Public Instruction herewith annexed
and forming a part of this report. to-Wit:-
Dated this 18th of Nov, A. ID. 1880.
Signed, M. r. HANSEN, Chairman,
T. Z. NASH.
/. A. ARNOLD,
A. c. BRIGGS,
/. WARD.
Town. Amount. Town. Amount.
AuburnIae SS23O Remington, sIM4s
Auburndae, village, 1892 RchfeId, 1888,
Centralia, city, 1886 Rock, 245s
Grand Rapids, city, 60974 Rudolph, 484SI
Grand Rapids town, 372O9 Saratoga, 1975
Lincoln, 1880 Seneca, 44A7
Marshfeld. city, 1929 iherry, 1921
MarshfeId, 33L07 Sgel, $685.
Mnladore, 38160 Vesper. SGgl
Pfttsvile city. 2O61 Wood, 347G
~ Total, s7y0l.n
J. B. THAYER,
State Superintendent.
Motion made and seconded that the report b.
adopted-Carried.