Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-08-08
No. 40. A. Published Jure 10, 1907.
CHAPTER 2O8. LAWS OF 1907.

No 46. A, ] Published Jure 10, 1907.
CHAPTER 208, LAWS OF 1907.
AN ACT to amend section 943, statutes,
relating to the issue of bonds by any
town, village or city.
The people Of the State of Wisconsin,
represented in Senate and Assembly, do
enact as follows:
Section /. Section 943, statutes, Is
amended to read Section 943. l. No
bonds shall in any case be issued by any
town., village or city until the proposition
for their issue for the special purpose
thereof shall have been submitted to the
people of such municipality and adopted
by majority voting thereon; or, II to
be, issued to aid the construction of
railroad, until the proposition for the issue
thereof shall have been accepted in one Of
the modes provided therefor in this chap
ter; nor shall any such bonds be issued
payable after a period of twenty years,
nor be issued until an ordinance or reso-
luton shall have been lawfully passed
directing that there shall be annually
levied a tax In addition to all other taxes,
sufficient to pay, when due, the interest
annually to grow due on such bonds, and
also to pay and discharge the principal
thereof by. the time the same. shall be due:
Every such tax shall be, after the issue of
sucn bonds, irrepealable and be annually
levied and collected on all taxable property
on the assessment roll of such municipal
ity, and the money raised thereby shall be
kept as a separate fund, irrevocably pledged
to such purpose, and shall not be employed
in any other.
2. Unless 1t is otherwise provided by
law, no town, city or village shall issue
any bonds, except to aid the construction
of railroad, unless upon compliance with
the following conditions: Whenever town
or village board, or common council, shall
declare It's purpose to raise money by tssu-
ing bonds, 1t shall direct, by resolution,
which shall be recorded at length In the
record OF Its proceedings, the town, city or
village clerk to call a special election for
the purpose of submitting the question Of
bonding the town, city or village, to the
electors thereof.
3. The notice of such election shall re-
cite the purpose thereof, state the amount
of the bonds 1t Is proposed to, Issue, 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, city or village clerk,
and be published in one or more news
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, city or village,
at least twenty days prior to the cleo
tion.
4. Such election shall be held at the
usual place or places of holding elections,
unless the board or council shall, In the
resolution hereinbefore provided for, desig-
nate some other place or places. The cleo
ton shall be conducted by the officers who
are required to conduct the regular town,
city or village election, and in similar
manner as near as may be, and the polls
shall be open between such hours as are
now designated respectively for such cleo
lions, and the result thereof shall be de-
termined by them, and returned to the
town, city or yillagse; clerk, who shall re
of election given by him.
5. The ballots shall be provided by the
respective town, city or village clerk and
shall be substantially in the following
form: