Der Sonntagsbote. (Milwaukee, Wis.) 1906-1912, 1909-07-11
No. Bss, Al lPubiished June 4. 1909.
CHAPTER 2s1, LAWS OF 1908.

OlAiE IN EoAf LA Wo VI Aovos
AN ACT 70 amend section II Of chapter
400. laws 81 1907, relating 20 schooi
boards and comm on 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 a. follows
section j. section II OF chapter $50.
laws % 1907, ~ amended 70 read Section
II. Whenever the board Of school directors
shall deem n necessary to erect new build
ings OF additions 10 old buildings, or to
purchase school sites, they shall
br q two-thfrda vote ~ the members. send
said city, AZ or before the first meeting of
the council In November In each year. Stat
Ing the amount Of funds so needed and the
puctoaes for which Il Is proposed 20 uHe
the sni6 funds. and requesting the said
common council % submit TO the voters u
said city az the DeXt election 0f amy sort
70 be held Ia said city the question Of IS
suing the school bonds ~ said city IN the
amount aud for the purpose or purposes
named and upon receipt o. such request
from the board Of school directors n ahali
be and Is hereby made the duty OF the said
comm0n council 20 cause the question Of
the issuance Of the said bonds for the said
aanoOi purposes 70 be suhmittcd 20 The vot-
cfs u the said city AZ the next regular,
special or other election held ia the said
city The question ~ the Issuance Of the
said school bonds shall be submitted upon
a separate ballot, or 10 some other manner
80 that the vote upon the Issuance Of said
school bonds shall BE- taken separately from
any other question submitted % the voters
m he same election. and II n maiorifT o.
The votes east upon such bond proposition
snail be 81 favor n the Issuance Of SID
bonds. then the common council Of said
city shall cause such school bonds 70 be
iasned forthwith 10 the same manner az
other bonds which have been properly au-
thorized are Issued, and the proper officials
Or the said city shall sell or dispose o.
the said bonds in the same manner a. other
bonds are disposed ~ aud the entire pro-
ceeds Of the same shall be placed IN the
citg treasury. subject 70 the order ~ the
said board 81 school directors, for the pur-
poses named Ia the request for the isauHnra
n the said bonds. Said school bonds shall
not bear a greater rate Of interest than four
per cent per annum. and ahBl' be- payable
IN twenty years from the date 81 their T.
sue. nue. twentieth Of the principal 10 be
payable each year. and this said common
council Be- hereby authorized and II f. made
their duty - levy and collect D tar upon
an property. real md personal. IN the said
clfv subject to taxation. Ia the same mar
ner and Of the same time as other ta1ea
ara levied and collected. witch shall be
rlmcient 20 pay the Interest on all school
bonds outstanding. issued uu1er the pro
visions Of this act. and 70 pay such part
" the principal ~ such school bonds -
issued rs becomes due and payable during
the next hrcal year. The amount o. such
school bonds outstanding 81 q y one time
shall not he greater than one yer cent u
the total assessed valuation Of 70 property,
real ana personal. ia the said city subject
20 fnxati0n. and The tax levied % pay the
interest on and the principal OF the said
school bonds shall BE- IN addition 10 the tax
levied for general purposes upon all the
tAKabis psoparty u Gald city.