Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1901-06-06

| And the electors shall designate the nature
| of their vote by making an Y In the square
| Immediately opposite the proposition Tor
| which they intend to vote, ana such pai-
| lots shall be counted, canVassrd ana re-
| turned in the same manner rs other ballots
| cast mt such election are counted, cnnvassed
and returned"
| section 3. Section of chapter 34s of the
| laws OF Wisconsin for the year 1899 Is here.
| by amended by inserting before the WORD
| water" In the third; seventh ana tentn
| said section when amended shall renu AS
| follows: Section g. II majority OF the
| ballots cast shall be In favor of the pur-
| chase or building of such light or water
works (ns the case may bel the common
| council of such city may authorize the
| mayor and clerk of such ci,y to Issue bonds
| for the payment OF the unpaid portion or
| tn purchase price or cost of construction
| of such light or water works. which bonds
| shall rccite upon their face that the same
are secured by trust deed or mortgage
| upon the light or water works so purchased
or constructed, and that no municipal liza
hiilty is created thereby, provided always
that such bonds shall bear interest not to
exceed five per cent. per annum payable
| seminnnually, shall not be sold for less
than par value, and shall be made payable
Mt the option of such city In not less than
i've years from the date thereof and ahso-
| lutelv In not more than twenty years from
| the date thereof
Section H. Section OF chapter 3iS Of the
laws of Wisconsin for the year 1899 Is here
by amended by inserting before the word
'Natcr' In the ninth, fifteenth, nineteenth
ana thirty second lines thereof the words
light or" ana adding Mt the end thereof
the words "or otherwise AZ the common
council may direct" so that said section
when amended shall rend as follows: See
tion 4. To secure the payment of the prin-
cipnI and interest of such bonds the COM
mon council of such city Is herebv author.
lied to cause the mayor and city clerk or
such city to execute To the purchasers OF
such bonds. or to a trustee, selected by
such common council trust deed or mort
gage In such manner and form ms such
common council may by ordinance prescribe
upon such light or water works so pur-
chased constructed, ana upon all future
additions and extensions thereto, which
trust deed or mortgage among other things
provide: that the lien of such trust
tAereln mentioned. and upon the income
from such light or water works shall be
the only security which the holders OF such
bonds shall have, and that by such trust
deed or mortgage, and by such bonds. no
! municipal liability shall be created That
the income of such light or water works
running expenses and necessary repairs
shall be kept rs separate fund In the
treasury Of such city out OF which fund
the interest on such bonds shall be paid
MS in said bond. provided, that out OF the
excess an amount equal to four per cent
annually set aside as IL sinking fund, and
invested rs other sinking funds OF such city
are invested to meet the principal of such
npDuS III maturity, anu lnuI tue income Ill
excess of such running expenses and re-
pairs, interest and sinking fund. may be
used for the extension and Improvement of
SucI light or water works, or otherwise as
the common council may direct.
Section 3. This act shall take effect and
he IN force from and after It's passage and
Approved April 6, 1901.
No 164, 81 lruhllshed April 10, 1901.
CHAPTER Ia.
AN ACT to amend sections 1924 and 1926 OF
the statutes of 1898 relating to boards of
IRE underwriters and hre patrol
Tho people of the State of Wisconsin rep
resented in Senate and Assembly do enact
Section l. Section 1894 of the statutes of
1898 Is hereby amended by striking out the
word March" where the same occurs In
the third line thereof and inserting In lieu
thereof the word January" 80 that said
section when SO amended shall read as fol-
tahlishlng and defraylng the necessary ex-
| pcnses of such fire patrol there shall he a
meeting OF the said board Of fire underwrlt-
ers In the month of January In each year:
prior notice of such meeting, specifying the
time and place ut which It VIII be held
shall be inserted for at least ten days In
one daily newspaper published In the city
where such board Is located; ut such meet
ing each Insurance corporation, agent or
person doing u nre Insurance business In
such city shall naNe the right to be pres
cnt and each corporation represented shall
be entitled to one vote: Such meeting may
determine whether such fire patrol shall be
established, or continued II established, and
fix the maximum amount of expenses which
shall he incurred therefor during the epsu-
ing year; but such maximum amount shall
not In any one year exceed two per cent. OF
the aggregate amount OF premiums for fire
insurance received In such city during such
| year,
Section 9. Section 1926 of the statutes of
1898 Is hereby amended by striking out the
words Ion the first days of April and Oc-
| t0ber.' where the same occur In the first
| line thereof, and inserting in lieu thereof
The words "on the hrst day OF February
by striking out the words six months next
preceding the said first days OF April and
October where the same occur In tho
fl IN and sixth lines OF said section, anC
inserting IN lieu thereof the words ''yem
ending on the next preceding first day OF
january" and by striking out the words
''one-half'' In the seventh line thereof, so
that said section when so amended shall
read ms follows: Section 1925 ON the first
day of February in each year each insur-
nnce corporation, underwater or agent do
Ing any fire Insurance business In such city
shall furnish to said board statement YER
iieI by affidavit, of the aggregate amount
of premiums received for insuring property
| In such city during the year ending on the
next preceding first day of January. Upon
the statement so furnished said board shall
assess the amount fixed as aforesaid for
the expenses OF said fire patrol for the cur
rent year upon the several corporations, un.
derWrlters or agents, In proportion to the
amount OF the premiums returned as re-
ceved by each, aud such assessments may
be recovered by action In the name Of such
board II any such statements shall not he
ilHhS us ahbNt TcNulTNur Salu DnNTu small
cause n demand IN writing to be served ON
the corporation, underwater or agent so
failing to make such sworn statement,
Such demand shall he served by leaving the
same during business hours at Its or his
| o...ee with the person in charge thereof,
and every such corporation, underwater or
agent who shall wifully make false state
ment or who shall. for fifteen DAYS after
such demand neglect to render such state
ment shall forfeit fifty dollars and an adj
dltlonal fifty dollars for each days neglect
after the expiration OF said fifteen days,
one,half to the use OF said board when Il
shall prosecute therefor.
Section 3. This act shall 90 into effect
and he IN force from and after Its passage
and publication
Approved April G. 1901
No, 256, 81 Published April 10, 1901.
CHAPTER las.
AN ACT amending section 1850 of the stat.
utes of 1898, relating to administering
oaths.