Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-08
No. 5SS, Al Published June 4. 1909.
CHAPTER 281, LAWS OF 1903.

-''' CHATTER 281, LAWS or 1909.
AN ACT to amend section II 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
Section /. Section II Of chapter 40,
laws of 1907, Is amended to read Section
IT. Whenever the board Of scboo! directors
shall deem 1t necessary to erect new build
ings or additions to old buildings, or to
purchase school sites, they shall
BY a twO-thrds vote of the members. send
q communication to the common cOuncI 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 1t Is proposed TO use
the said funds, and requesting the SAID
common council TO submit TO the voters or
said city at the next election Of any sort
to be held IN said city the question or 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 10 the VOJ-
era Of the said city at the next regular,
special or other election held In the said
city. The question OF the Issuance or the
said school bonds shall be submitted upon
a separate ballot, or In some other manner
80 that the vote upon the Issuance OF sald
school bonds shall be taEen separately from
anv other question submitted to the voters
at the same election and If a majority or
the votes cast upon such bond proposition
shall De In favor Of the Issuance OF sald
bonds, then the common council Of said
city shall cause such school bonds to De
issued forthwith in the same manner as
other bonds which have been properly au-
thorfzed are issued, end the proper officials
If thp said city shall sell dispose OF
+ha said bonds In the same manner as other
bonds are disposed OF and the entire pro
caeds of the same shall be placed IN the
citv treasury. subject 70 the order Of the
noses named in the request for the Issuance
If tba said bonds Said school bonds shall
not hear greater rate of interest than four
ner cent per annum. and she'll be payable
IN tveutv wears from the date Of their Is
she nne-twentieth Of the principal TO be
n8vabIe each year, and the said common
Council ia hereby authorized and IL Is made
their duty to levy and collect a tax upon
ali property real and personal, IN the said
ner and at the same time as other taxes
are levied and collected which shall be
sufficient to pay the interest on all school
bonds outstanding issued under the pro
visions OF this act. and to pay such part
OF the principal of such school bonds 80
Issued as becomes due and payable during
the next fiscal year The amount Of such
school bonds outstanding at any obs 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
70 TAXATION and the tax levied to pay the
interest on and the principal Of the said
school bonds shall be in addition to tbs tax
levied for general purposes upon Ell the
taxa bic property CT ssAa city.