Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-08-13
No. SIS, A. [Published June 4 I9o9.
CHAPTER 2S1. LAWS OF 1909.

AN ACT to amend section IT of chapter
459, laws of 1907, relating to school
boards and common and high schools In
cities of the first class.
The people of the State of Wisconsin; rep
resented in Senate and Assembly. do en-
act as follows:
laws of 1907 is amended to read: Section
II Whenever the board of school directors
shall deem 1t necessary TO erecI ne" puila-
ings or additions 70 old buildings. or TO
purchase school sites. they snail
BY two-thirds vote of the members. send
a communication to the common council OF
said CITY at or before the first meeting or
the council in November in each year, stat
ing the amount of funds so needed and the
purposes for which it is proposed to use
the said funds. and requesting the sal 10
said city at the next election of any sort
to be held in said city the question OF IS
suing the school bonds OF SAID CRY IN Lne
amount and for the purpose or purposes
named and upon receipt Of such reqnest
from the board of school directors II snail
be and Is hereby made the duty OF the sald
the Issuance OF the said bonds for the sald
school purposes to be submitted to the yot-
ers Of the said city at the next regular;
special or other election held in the said
cfty The question of the Issuance or the
said school bonds shall be submitted upon
a separate ballot, or in some other manner
so that the vote upon the issuance OF sad
school bonds shall be taken separately from
anv other question submitted to the voters
at the same election and II a majority of
t6e votes cast upon such bond proposition
shall be In favor of the issuance OF SAID
bonds. then the common council OF sald
civ shall cause such school bonds to be
issued forthwith in the same manner as
other bonds which have been properly aq-
tborized are issued, and the proper omclals
of the said city shall sell or dispose OF
the said bonds IN the same manner as other
bonds are disposed of and the entire pro
ceeds 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 tba said bonds Said school bonds snail
not bear q greater rate Of interest thah Iour
per cent per annum. and shaH De payapIe
In twenty years from the date or theF IS
sia one-twentieth OF the principal to be
Dayable each year. and the sald common
Peo1ncil is hereby authorized and it is made
their duty to levy and collect tax upon
Ali snropertv. real and personal, in the said
cj+r subject TO taxation. in the same man
ner and az the same time as other taxes
90 Iaviad and collected which shall be
sufficient to pay the interest on ali schooi
bonds outstanding issued under the pro-
yIeions of this act. and to pay such part
of the principal of such school bonds SO
iss7,ed 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 OF
the total assessed valuation OF ali property,
real and personal. In the said city subjecr
to taxation, and the tax levied to pay the
interest on and the principal OF the said
s~hnoI bonds shall be In addition to the tax