Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-08-08
No. 1O14, Al Published July 18, 1907.
CHAPTER 665, LAWS OF 1907.


AN ACT to create sections 927-11 to
927-1e, inclusive of the statutes, re-
lating to, issue Of mortgage cert1ncates
by municipalities for the purchase or con-
struction of public utilities
The people of the State Of Wisconsin, rep
resented in Senate and Assembly, do
enact as follows:
Section l. There are added to the stat
utes nine new sections to read: Section
927-11. Any plant or equipment or any
part thereof for the production, transmits
sion, delivery or furnishing Of heat, light,
water or power may be constructed or &C.
quired by any town, village or city as here
In provided Before any town, village or
city shall construct or acquire ansF such
plant or equipment or any part thereof
under this section, the common council,
board of aldermen, the board Of trustees
the town or village board or the governing
body of such town, village or city shall
authorize such acquisition or construction
by resolution or ordinance adopted at
regular meeting by a vote of at least
majority Of the members elect. At least
one week prior to such meeting the, pro
posed resolution or ordinance shall be
published In the official paper Of the town,
village or city or If no paper be published
therein, such proposed resolution or ordt-
nance shall be posted IN four OF the most
public places In such town, city or village
at least ten days prior to such meeting.
Section 927-12. Such resolution or or
dinance shall also direct the town, village
expense of such acquisition or construction
to be paid out of the general fund of the
city or from the proceeds Of bonds issued
pursuant to law or from the proceeds OF
mortgage certificates issued as in this act
provided.
Section 927-13. Such resolution or or
dinance shall also direct the town, village
or city clerk to call a special election for
the purpose of submitting to the electors
thereof the question of the acquisition or
construction of such plant or equipment
or part thereof in the manner provided In
such resolution and to be paid for in the
manner therein provided.
Section 927-14 The notice of such
election shall state: % The purpose there
of (2) the plant equipment or part there
of it is proposed to acquire or construct {;
(3) the proposed manner of payment for
the same !: az the time and place of holding
the election and the hours at which the
polls will be opened and closed. Such
notice shall be signed by the town, village
or city clerk and be published in one or
more newspapers In the town, village or
city for three successive weeks prior. to
the election If no newspaper be published
therein, such notice shall be posted In four
of the most public places in the town, viii
lage or city, at least twenty days prior to
Section 927-15. Such election shall be
held and conducted and the results can
vassed and certified as provided in section
943 Of the statutes. The question shall be
printed upon any ballot issued at such cleo
ton in substantially the following form:
"Shall designate plant, equipment or
part thereby be acquired or constructed
and mortgage certificates (and) corr
(bonds) be issued therefor?