Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1909-07-14
No 90 Al Published May % 1909.
CHAPTER ia. LAWS OF 1904.


AN ACT 10 authorize the conn lissioners OF
public lands to loan a POI ioD OF the
trust fund or the state, 10 l'OrtngH coun-
~, and authorizing the county Of Portage
to borrow said funds.
The people Of the State OF Wisconsin, rep
resented In Senate ara Assembly, do en-
act as follows
Section ]. The commissioners OF public
lands are authorized 20 loan a portion of
the trust funds OF this state, not exceeding
one hundred thousanl dollars. to the county
OF Portage state Of Wisconsin and the
said county IL authorized to borrow Of said
commissioners tbs said amount, and to H.
sue to said commissioners certificates of
the indebtedness 50 contracted The said
indebtedness shat bear interest at the rate
Of three and one half per cent per annum
payable annually and the said indebted
ments the frst Iayment falling due on the
hrst day Of July OF the next succeeding
year after said Indebtedness shall have been
created.
Section .. Each and every year. until
the entire loan IS repaid, the secretary OF
state shall. when he apportions the state
tax among the sever raj counties of the state,
and ceYtlfes the SO me to the county clerk,
add TO the state tan which would be prop.
eriy chargeabe e. the county OF Portage.
the annual interet due the state on such
loan, together win the amount Of the prin-
cipal SUN 80 l01red falling due on the FIRST
day OF the following July. II shall be the
duty o. the csInty clerk Of Portage county.
on tv.aivin2 a certified statement ~ Ine
amC -, - due from the county OF portage,
- Include sud amounts In his kpDortiOn-
ment OF the Hate taxes TO said county. and
the same shall be levied and collected out
Of the taxable property Of said county, and
paid over to the county treasurer Of the
county of Portage and by him to the state
treasurer. IN the same way and at the same
time AS other state taxes are collected and
paid.
section 3. 1t Is provided that said coun-
~ of Portage shall never. during the pc
Rod for which said loan shall remain I'M
paid become indebted or contract debts for
a greater amount including debts heretofore
contracted, as well as that herein author
lied, than i've per centum on the value OF
all tuxnbie property In said county, 10 be
ascertaned by the last assessment for the
state and county taxes previous to incur.
Ing the Indebtedness authorized by this
act
section 4. Before contracting any In
debtedncss hereunder. aud before any OF
said trust funds shall be delivered to the
said county Of Portage In exchange for
said certificates Of indebtedness, the county
b0ard Of said county. at a regular G, spe-
ciai meeting. shall by resolutions accept the
provisions 0f this act and the terms and
with the secretary Of state. copies Of said
resolutions certified by the clerk Of said
county The certificates of Indebtedness
herein provided for shall be made payable
10 the commissioners OF public lands. and
shall be signed BY the chairman Of sald
county board and countersigDed by the
county CLERK Of said county.
Section , This act shall take effect and
be In force from and after Its passage and
Approved May u. 1909