Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-08-08
No. 447, 81 Published June 20. 1907
CHAPTER 235. LAWS OF 1907.

No. 447, ST. Published June 20. 1907.
CHAPTER 235, LAWS OF 1907.
AN ACT to amend section 925-133 of the
statutes, as amended, relating to the
issuing of bonds by cities and for fund
ing and refunding city debts.
The people of the State of Wisconsin,
represented In Senate and Assembly, do
enact as follows:
Section 1. Section 925--183 Of the stat
utes is amended to read Il:
Section 925-133. The council shall have
authority to issue bonds for the following
purposes only:
i. Building school houses and for public
libraries.
e Building bridges.
3. Erecting public buildings for the use
4. Purchase of apparatus for fire pro-
lection.
5. Street improvements which are to be
paid for by the city.
9. Waterworks, sewers and drains light
ing works for streets, public buildings and
hospitals and In cities OF other than the
first class for the construction and opera
ton Of lighting worHs to supply the city
and it's inhabitants with electric or other
light.
public parks, public drives, boulevards,
tails and purchasing sites for public build
ings and for a city market place.
8. Purchase Of toll bridges and ap-
proaches, and for the pcurhase of site
acquiring of public docks, wharves and
the approaches thereto, and for dredging,
docking, river and other harbor improve
tnents.
o, Such other purposes. as are author
lied by these statutes. No such bonds
shall be issued unless authorized by an
ordinance adopted by vote In favor OF
the same Of at least tnree-Iourths OF all
the members of the common council elect,
said vote to be at q regular meeting, not
less than one week after the proposed or
dinance shall have been P ~ IN R TIE
issued for street improvements school pur-
poses water works, lighting works for
streets and public buildings, hospitals,
dredging docking, river and other harbor
Improvements, sewerage parks and public
grounds q vote of the people of the city
Shall not be required unless within thir
ty days after the passage by the common
thorizing the issuing of the bonds for such
purposes there shall be filed in the Office
of the city clerk a petition In writing
signed by not less than h ten per cent: IN 10
city at the last general state election, ask
Ing for submission of the question OF issu-
ing such bonds to q vote OF the people,
in which case such question shall be sub
mitted as provided in section 943; pro-
vided, that no such bonds shall be Issued
SO that the amount thereon, together with
all other Indebtedness OF the city, shall
exceed five per cent. Of the assessed valu-
alton Of the property therein at the last
assessment for the state and county taxes
previous to the mourning OF such indebt-
s Be payaba a at At the option Of the city in
annual installments, the last installment
being payable not more than twenty years
not exceeding six per cent. per annum
payable semi-annually, and that the coun-
eli shall have provided for the collection
of q direct annual tax sufficient to pay
the interest thereon as 1t falls due and
to paw aud discharge the principal there
of within twenty years from the date OF
the issue of such bonds. The council may
general city liability for the reminding Of
other bonds or for the funding Of general