Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-07-21
No. 5S8, A Published JuEe 4, 1909.
CHAPTER 281, LAWS OF 1909.

AN ACT to amend section IL 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 erect new Dulid-
ings or additions to old buildings, or to
purchase school sites, they shall
BY a two-thirds vote Of the members send
communication to the common council OF
said city at or before the first meeting OF
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 SAID
common council to submit to the voters of
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 city In the
amount and for the purpose or purposes
named and upon receipt of such request
from the board of school directors 1t shall
be and Is 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 vot-
ers of the said city at the next regular,
special or other election held in the said
city The question of the Issuance of the
said school bonds shall be submitted upon
q separate ballot, or in some other manner
SO that the vote upon the issuance Of said
school bonds shall be taken separately from
any other question submitted to the voters
at the same election and IL a majority of
the votes cast upon such bond proposition
shall be In favor of the issuance of said
bonds then the common council OF said
CITY shall cause such school bonds to be
issued forthwith in the same manner as
other bonds which have been properly au-
thorized are issued. and the proper officials
of the said city shall sell or dispose of
the said bonds In the same manner IS other
bonds are disposed of and the entire pro-
ceeds Of the same shall be placed In the
city treasury. subject to the order of the
said board Of school directors, for the pur-
noses named in the request for the issuance
Of the said bonds Said school bonds shall
not hear q greater rate of Interest than four
ner cent per annum, and shall be payable
in twenty wears from the date OF their Is
sue. one-twentieth of the principal to be
payable each year, and the said common
council Is hereby authorized and 1t Is made
their duty to levy and collect tax upon
all property, real and personal, In the said
city subject to taxation. in the same man
ner aud Mt the same time other taxes
are levied and collected. which shall be
sufficient pay the interest on all school
bonds outstanding issued under the pro-
of the principal of such school bonds so
issued as becomes due and payable during
the 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 all property,
real and personal. In 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 all the
taxable property OF said city.