Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1907-05-15
BILL

To provide for additional grounds
for the state capitol at Madison, and
to exempt from taxation bonds and
certificates secured by liens upon
lands belonging to the state.
The people Of the state of Wiscon-
sin, represented in senate and assem-
t'y, do enact us follows:
Section l. The commission organ
lied under the provisions of chapter
800 of the laws of 1903 and chapter
5lo OF the laws of 1905, is hereby in.
vested with sEch further duties. al
thority and powers as are hereinafter
prescribed.
Section q Said commission is here
by authorized and directed to acquire
by purchase or by condemnation pro-
ceedings substantially as prescribed
by sections COS. 606 and COZ of the re-
vised statutes of 1899 blocks mum.
bered 81, IS. Sc. 81, So and 80 of the
city of Madison. Dane Co., Wis, in
the name of and for the state of
Wisconsin. 1t shall be the duty OF
the direction of said commission all
such condemnation or other legal pro-
ceedings as it may determine to be
necessary in order to carry out the
purpose of this act. The said lands
so acquired to be converted into and
to constitute a park adjacent to the
state capito' buildings erected or to be
erected in the city of Madison. The
possession of such lands for said pur-
pose IS hereby declared to be neces-
sary for the use of the state as and
for such park. The said commission
shall have the power to hold the lands
so acquired and to from time to time,
AS they shall deem expedient. convert
same into such park Pending such
conversion said commission shall
make such use of such lands and OBJ
tain such revenue therefrom as shall
be possible and expedient
Section 8. Said commission is here
by authorized to issue in the name of
the state of Wisconsin mortgage GER
tificates as hereinafter provided in
payment of the cost of said land,
whether the same be acquired by pur
chase or condemnation; or to Issue
and sell from time to time such cersi
ficates as may be necessary or expedi-
emit in order TO devote the selling
price thereof to the purchase Of said
lands or in payment Of the condem-
nation price thereof. Such certifi
Gates shall recite upon their face that
they are secured by trust deed or
mortgage upon the lands so acquire
and that no liability against the state
is created thereby. Such certificates
shall bear interest of rate not ~
exceed four per centum per annum
and shall be sold for not less than
their par value; and shall be made |
payable at SUE time or times, not
less than five years nor more than
twenty years from the date thereof. as
shall be prescribed by the commits
sion; and shal b. lbject to payment
out Of ans funds which the state
shall lawfully appropriate for such
purpose or which may lawfully be lie |
voted thereto The total issue Of
srch certificates shall not exceed the
sum of one mil on seven hundred aud
fifty thousand dollars.
Section g. All bonds or certificates
issued in acquiring any lands in the
lame Of. o. lor the use and benefit Of
the state, and secured upon such lands |
so acquired shall be exempted from /
taxation
Section 5. To secure the payment
Of tine principal and interest Of such
GER tfcates, the said commission is au-
thorized to execute to the purchasers
thereof or to the trustee TO be select |
ed by such commission, trust deed !