Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1905-03-16
Special Meeting Of County Board.
COUNTY CLERKS OFFICE, /
Dodgeville, Wis. March 7, 1905.

DO0geNiIie, w Is. March I, 100.
The County Board of Supervisors
OF Iowa county met in special ses-
sion at one o'clock p. M, pursuant to
notice given by the county clerk in
accordance with request signed by
n majority Of the members of the
board, and was called to order by
the chairman.
Roll called-members all present
except Messrs. Brown and A. f..
Thomas.
The. clerk read the request for the
special meeting, as follows:
DopGEvILLE Wis. Feb. %, 1905.
To Richard Gribble. County Clerk of Iowa
county, Dodgeville. Wis.
DEAR SIR: You are hereby requested to
call special meeting of the County Board of
Iowa county to meet at the court house in the
city Of Dodgeville. on the 9TH day of March,
A. d, 1905, at one o'clock p. m. of that day. to
hear the report of the tcial committee APP
pointed at the January session TO ascertain
where said board may borrow $4,000, to pay
off the Iowa County Asylum bonds. and such
other business rs may come before said board
at that meeting in relation to borrowing said
money and paying said Asylum bonds. The
state board advises us that this application
should be filed at as early date as possible.
in. T PoTs; I. n Il. sfsosa,
w. y. CURRY, SAM'L SwINEHART,
4. Z. THOMAS. En- BRowN.
loHN JACKSON, John DUNBAR,
~ GAyalLL, T.R, MuSDY
j. b. EGAN,
The special committee on borrow
ing money to pay off asylum bonds
presented the following report:
DoDGEvrLLE, Wis, March G. 1906
To the Honorable Board of Supervisors of
GENTLEMEN: We the committee appointed
at the January session of the board beg leave
to report rs follows:
That we have consulted several banks and
other parties having money to loan and none
of them will agree to loan us the money at as
low rate of interest as the State of Wscon-
sin
The State OF Wisconsin will loan us the
$50 600 at a rate of 31a per cent per annum pro
viding said board will convene at once and
pass resolution accompanied with an appli-
cation to the state Board for the same nj once
Under the circumstances. your committee
thought best 10 have said board convene at
pass, said resolution and fill out the necessary
blanks and have the same placed on file and
Madison and accept the loan from the state.
Sad State Board informed us also that this
was the only safe way for us to proceed 80 as
70 be sure to obtain said loan from the state.
We could not obtain an option for money any
where else for as low a rate of interest or any
where near it, And in the opinion of your
committee the county would be better off in
the end of two years by calling a special SEES
sion of the board and &c ting the money in
this way from the state than to try and float
bonds for that amount for the short term for
which said loan Is intended to be for.
Respectfully
j. w. HORN,
GEO. q. Cox.
Special Committee.
Mr.. Patefield moved that the re-
port be adopted. Carried.
On motion of Mr.. Patefield the
board took a recess for 30 minutes.
Board called to order by chairman
Mr. Patefield presented the follow
ing resolution and moved its adop-
tion
Whereas. BY the provisions of Chapter sew
enteen of the Revised Statutes and acts
amendat ny thereof, the Commissioners of
the Public Lands of Wisconsin are authorized
to invest the Trust Funds of this State in
loans to towns, villages. cities, boards of edu-
cation and counties in this state as in said
acts provided. and
Whereas. Every town, village city, board
powered to borrow of said Commission
ers, from said Trust Funds. such sum or
sums of money, for such time, and
upon such conditions and terms as may
be agreed upon by and between the
said Commissioners and the town. village.
city, board of education or county applying
for "A loan. subject to the limitations restric-
tions and conditions in said act set forth now
therefore
Resolved. That we. the County Board of
Supervisors of Iowa County, State of Wiscon-
Gin plr1it latF IL
by approve and authorize application TO be
made to said Commits siOners by the Chairman
and Clerk of this Board. for n loan Of twenty
thousand dollars TO this county. said loan to
be payable within two years, in two equal an
; pual instalments Of ten thousand dollars each .
with interest thereon AT the rate of 81 per
eeptum per annum, payable in advance. from
fhn ds.e If tie making - the i0ay IL fine ffat
day VI next February and thereafter annually
in advance. as provided by law: further
! Resolved, That no money obtained by this
county. by such loan from the state, he applied
paying the Iowa County Asylum Bonds with
out the consent of the Commissioners of the
/ Public Lands. hereafter obtained;
Resolved, That in case the aforesaid appli-
cation for loan from the Trust Funds shall
I be approved by the said Commissioners Of the
l Public Lands, that the Chairman and Clerk Of
+ this Board be. and they are hereby fully au-
K thOriZed and empowered, III the name of the
/ County of Iowa, TO make, execute and deliver
[ to said Commissioners. certificates Of ndebt-
edness, in such form as required by said Com
[ missunfrs. for any and all sums of money
4 that may be loaned to said county. pursuant to
! said application hereby empowering the said
/ Chairman and Clerk 10 do and perform all
necessary things 10 be done by the County Of
/ Iowa. I fully carry out the provisions Of said
! Chapter one hundred and siXty-seven. and
acts amendatory thereof. and these resolu-
tons:
ambie nd resolutions. and certificate Of the
/ vote By which said preamble and resolutions