The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1909-07-29
No. 58S, Al [Phblished June 4, lsoS.
cHAPTER 281. LAWS OF 1909.

AN ACT to amend section II Of chapter
45e laws Of 1907 relating b,gg s to senoG,
cities of the first class.
The people of the State OF Wisconsin, rep
resented in Senate and Assembly. do en-
act as follows:
Section /. Section IT of chapter 459,
laws of 1907, Is amended to read: Section
II. Whenever the board Of school directors
shall deem 1t necessary to erect new Dulid-
ings or additions to cid buildings, or to
purchase school sites, they snail
By two-thirds vote OF the members, SEND
communication to the common mo eouIc o of
the council In November in each year, stat
ing the amount OF funds so needed and the
fer which and It reoupesfng the sad
common council to submit to the voters OF
said CITY at the next election of any sort
to be hid in said city the question stt Oh + rs
amountS and for the purpose or purposes
named 4 and upon receipt OF such request
from the board OF school directors II sn nii
be and lis hereby made the duty of the SAID
Common council to cause the question OF
the issuance Of the said bonds for the SAID
school purposes to be submitted to the yot-
ers of the said city at the next regular,
snecial or, other election held In the SAID
city The question OF the issuance OF tne
said school bonds shall be submitted upon
q separate ballot, or in some other manner
az that the vote upon the issuance or SAID
school bonds shall be taken separately from
any other question submitted to the voters
at the same elecLAOh. dhu II A-oJoANs
the votes cast upon such bond proposition
shall be In favor of the issuance OF said
bonds then the common council OF SAID
citv shaII cause such school bonds to be
issued forthwith in the same manner as
nther bonds which have been properly au-
thorized are issued, and the proper ofhclals
of the said city shall sell or dispose OF
Che said bonds in the same manner as other
honds are disposed Of and the entire pro-
coads Of the same shall be placed in the
citv treasury subject to the order OF the
said hoard Of school directors, for the pur-
noses named in the request for the issuance
IF the said bonds. Said school bonds shall
not hear a greater rate Of interest than four
ner cent per annum, and shall be payable
In twenty years from the date of their is
sue. one-twentieth of the principal to be
nayable each year, and the said common
council Is hereby authorized and 1t Is made
their duty to levy and collect tax upon
eli nrouerty, real and personal, in the said
civ subject to taxation, in the same man.
ner and at the same time as other taxes
are levied and collected, which shall be
sufncient to pay the interest on all school
bonds outstanding, issued under the pro.
yisions of this act, and to pay such part
Of the principal of such school bonds so
issued as becomes due and payable during
tho next fiscal year. The amount of such
school bonds outstanding at any one time
shall not be greater than one per cent or
the total assessed valuation OF all property,
real and personal, ia the said city subject
to taxation, and the tax levied to pay the
interest on and the principal of the said
school bonds shall be in addition to the tax
levied for general purposes upon ali the
taxable property or said earx.