The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1909-07-15
No. 5SS. A. lrublishcd June l, 1909.
CHAPTER 2Sl, LAWS or 1905.

AN ACT to amend section u of chapter
boards and common and high schools In
cities Of the first class
The people OF the state of Wisconsin. rep.
resented In Senate md Assembly. do en-
net ~ fnlluw9'
SECTION / Section u OF chapter I5o.
laws OF 1907. Is amended 10 read Section
II Whcnovcr the board ~ school directors
shall deem " necessary to erect new build
ings or additions Ia Old buildings. or TO
purchase school sltrs they shall
by twCthirds vote Of the Wcmbers, send
a communication To- %" common council OF
the council IN November In each year. stat
ing the amount Of funds needed and the
purposes for which IL Is proposed 10 use
the said funds. and requesting the said
common council 10 submit 10 the voters OF
said city nj the next election OF my sort
to be held In said city the question of Is.
suing the school bonds Of said city In the
amount and for the purpose or purposes
named and upon receipt Of such request
from the board OF school directors " shall
be and Is hereby made the duty OF the said
common council to cause the question OF
the issuance or the said bonds Tor the said
school purposes TO be submitted to the yot.
ers Of the said city Mt the next regular,
special or other election held I'm the said
city The question Of the issuance OF the
said school bonds shall be submitted upon
n separate ballot. or tn some other manner
so that the vote upon the issuance OF said
school bonds shnll be taken separately from
any other question submitted to the voters
at the ssmn election and " a majority OF
the votes cast upon SuCh bond proposition
shall be ia favor ~ the issuance OF said
bonds then the common council OF said
city shall cause such school bonds 20 be
issued forthwith in the same manner as
other bonds which hive been properly au-
thurizcd are issued. and the proper officials
OF the said city shall sell or dispose %
the said bonds in the same manner a. other
bondg are disposed of aud the entire pro-
cceda OF the same shall be placed In the
city treasury subject to the order Of the
said board Of school directors, for the pur
poses named Ia the request for the Issuance
81 fhc said bonds said school bonds shan
not bear n greater rate pf Interest thnn four
u.r cent per anuum and shall b. p. ypble
In twenty wears from the date OF their Is
aue one.tweutl"th ot the principal 10 be
unynblc each wear. nnd the said common
council ia hereby authorized and 10 IA made
their duty 70 lnyy and collect tax upon
all property. real and personal, IN the said
city subject O., taxation. IN the same mau.
uer and at the same time "a other taxes
pre levied and collected witch snail le
sufficient 10 pay the interest on all school
bonds outstanding issued under The pro-
of the prinripel Of such school bonds so
issued rs becomes due md payable during
the next fiscal wear. The amount OF such
school bonds outstanding at any ono time
ghali not be greater than one per cent ~
the total assessed valuation az all property.
real and personal. In the said city subject
10 taxation and the tax levied to pay the
Interest on aud The principal OF the said
school bonds shall be In addition to the tax
eylpd for general purposes upon all the
taxable property OF said city.