Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1905-03-16
BOARD OF SUPERVISORS
Proceedings of the Special Meet
ing Held on Tuesday of
Last Week.
Application for Loan From the
Trust Funds of the State.

COUNTY CLERKS OFFICE, Dodge
Vile, Wis, March 7, 1905. The coun-
ty board Of supervisors Of Iowa coun-
ty met In special session at | O'Clock
| p. m. pursuant to notice given by the
county clerk In accordance with a
request signed by 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, rs follows:
DoDaEvILLE, WIS. Feb. 23, 1908.
To Richard Grlb6le, County Clerk OF Iowa
| Dear sirj-You are hereby requested TO
call special meeting OF tho county board OF
Town county to meet vt the C., court house IN
| March, A. ID. 1908, Mt one clock y. m. OF that
day, TO hear the report OF the special com
mlttoe appointed ut the January sesS on to
$40, 900 to pay of the Iowa County Asylum
| Bonds and such other business ns may come
before said board ut That meeting In relation
| 10 borrowing said money and paying said
Asylum bon is. The state board advises us
that this application should be filed at as
early i,d date az possible e, T., p,owu
J, W, TAYLOR 4. r. OAyGrLL y, pHILLIPs
| W, N. CURRY ], u. EGAN JOHN DUNBAR
y TmosAs 2 r i gnssnTT 7 pA aqnnI
JoHN JACKSON sAM'L SwIEEHART,
The special committee on borrowing
money to pay off asylum bonds pre-
scented the following report:
DoDGEyILLE, Wis, March q, 1905.
To the Honorable BOARD Of Supervisors OF
u GENT ! the committee appointed
| Mt tho January session OF the board, beg leave
| to report as fOllOws
That We have consulted several banks and
| other parties having mccoy to loan. and
| none OF them will agree TO loan us the money
| wisconsin.
The state OF Wisconsin will loan ms the
| $40, 900 Mt II ratio OF ~ per cent per hnnum,
providing said board will convene Mt once
| and pass IL resolutl accompanied with nm
application to said state board for the same
| nj once, Under the circumstances, your com
| mittee thought best To have said board cons
| vene aud pass said ros0lutlo and I'LL out the
necessary blanks ana have tho same placed
ON file Ut Madison, and accept the loan from
| tho state
Said state board informed us also that this
| was the only safe way for us TO proceed 80 ms
10 be sure 10 obtain said loan from the state.
| We could not obtain nm option for money
anywhere else for NJ low II rate OF Interest,
| or anywhere near It, And In the opinion OF
your commlttee the County would be better
| or IN the end OF Two years by calling n
special session of the board and getting tho
money In this way from the state than To, try
and float bonds for that amount for the short
term for which snld loan Is Intended to be
for, Respectfully, j. W. HORN,
| GEO. q, Cox,
| Special Committee,
Mr.. Patefeld moved that the report
be adopted. Carried.
On motion OF Mr.. Pateleld the
board took recess for thirty minutes.
Board called to order by chairman.
Mr., Patedeld presented the follow
Ing resolution and moved It's adop'
tion:
WHEREAS, by tho provisions OF chapter
seventeen Of the revised statutes, and acts
nmcndntory thereof, the commissioners ol
the public lands OF Wisconsin are authorized
20 invest the trust funds OF this state In loans
to towns, villages cities, boards OF education
and counties In this state, Ms In said act
proyiacd, aud
Whereas, every town, village, city, boart
OF education aud county In this state II
empowered To borrow of said commissioners
from such trust funds, such sum or sums o
money for such time, and upon such condi-
lions and forms rs may be agreed upon by
and between tho said commissioners and thu
town, village, city, board OF education OF
county applying for loan, subject TO tn,
Limitations restrictions and conditions II
said act set forth, now therefore
Resolved, that we, the county board %
supervisors OF Iowa county, state of Wtscon
sin, duly assembled according to law, d,
hereby approve aud authorize application Il
be made to said commissioners by the chair
man and clerk Of this board for n loan q
twenty thousand dollars to this county, sale
lonn To be payable within two years, In TIVE
equal annual lnstallmCnts OF ten thuuSant
dollars each with interest thereon NJ th,
, rate of rs per ccntum per nnuum, payable
In advance, from the date OF the making u
the loan to the first day OF next February
and thereafter annually In advance, rs pro
vided by law. Further
, Resolved, that no money obtained by TIL
county by such loan from the state he npplet
or paid out for any purpose except that .