River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1909-07-15
No. 5SS, Al Published June q, 1909.
OHAPTER OBI. LAWS OF 1909.

Q. "A.
OHAPTER 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; xv,soon.,n ran-
resented in Senate and Assembly. do en-
act as follows: 80
Section /. Section IT Of chapter 459,
laws Of 1907 is amended to read Section
IT. Whenever the board of school directors
shall deem 1t necessary to erect new pulld-
ings or additions TO old buildings, or 70
purchase school sites, they snalI
by two-thirds vote Of the members, SEND
a communication to the common council OF
said city, at or before the first meeting or
the council in November In each year, stat
Ing tire amount Of funds so needed and the
purposes for which it is proposed to use
the said funds, and requesting the sald
common council TO submit to the voters Of
said civ at the next election Of any sort
to be held In said city the question OF ls-
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 II sna .i
be and is hereby made the duty OF the sald
common council to cause the question OF
fhe Issuance Of the said bonds for the said
school purposes to be submitted to the yot-
ers Of the said city at the next regular,
special or other election neid IN the s al.l
city. The question Of the issuance OF the
aaid school bonds shall be submitted upon
a separate ballot, or IN some otner manns eI
so that the vote upon the lssuahcs % s salu
any other question submitted to the voters
af the same election and II a majority OF
+he votes cast upon such bond proposition
shall he IN favor of the issuance OF said
nonds then the common council OF SAID
CITY shall cause such school bonds 70 De
fss;ied forthwith in the same manner as
other bonds which have been properly au-
tborized are issued, and the proper onclais
of the said city shall sell or dispose. OF
fire said bonds IN the same manner as other
honda are disposed OF and the entire pro-
ceeds Of the same shall be placed In the
cftv treasury subject to the order OF the
said BOARD Of school directors for the pur-
Dasee named in the request for the issuance
X Tho said bonds Said school bonds shall
s,o+ hear q greater rate of interest than four
nor cent per annuu, and shall be payable
IN twenty years from the date or their Is
ss,a one-twentieth Of the principal to be
conncII is hereby authorized and 1t is made
their duty to levy and collect a tax upon
ali property, real and personal, In the said
city el1hiect to taxation. In the same man
ner and at the same time as other taxes
are levied and collected, which shall be
sltff1cient TO pay the interest on all school
honds outstanding Issued under the pro-
visions of this act, and to pay such part
Of the principal Of such school bonds so
the next fiscal year The amount OF sucn
school bonds outstanding ct any one time
shall not be greater than one per cent OF
fire total assessed valuation Of all property,
real and personal Ia 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 prcparfy Of said city.