Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1910-02-10

County Treasury and that the Com
mlttee be further empowered in their
discretion to reject any and all bids
and re-advertise.
On motion, the Clerk calling the
roll, the following resolution was
unanimously adopted:
RESOLUTION NO 8.
Resolved by the County Board of
Supervisors OF Wood County, Wis
consin, as follows:
Section l. That for the purpose
of defraying the cost of the site
for an asylum for the chronic in
sane and of erecting thereon, pursu-
ant to plans, drawings and specifi-
cations approved by the State Board
OF Control of Wisconsin Reforma tory
Charitable and Penal Institutions,
buildings for the care of such insane,
there be issued the negotiable bonds
of said Wood County in the aggre-
gate sum of One Hundred Thirty
Thousand Dollars (s130, 100000 con-
sisting of Two Hundred Sixty (260)
bonds of Five Hundred Dollars
($500.00) each, numbered consecu-
lively from one to Two Hundred Six
| ty (260) both inclusive, and bearing
interest at the rate of four Cd per
cent per annum, payable April list,
1910 and semi-annually thereafter,
| the interest to be represented by cou
| pons attached thereto.
The said bonds shall be dated De-
| cember l, 1909 and shall mature as
follows:
Nos. to II both inclusive. on April l. 1915
Nos. 10 to "A both inclusive, on April l. 191t
Nos. % to Sc both inclusive, on April 1, 1911
Nos. 81 to AS both inclusive, on Arpii L. 1915
Nos. 40 to go both inclusive. on April /, 1915
Nos. 81 to rs both inclusive, on April l. 1920
Nos. II to go both inclusive, on April l. 1921
Nos. SO TO 1913 both inclusive, on April l. 1922
Nos. 100 to 124 both inclusive, on April 1, 1929
Nos. 125 to lao both inclusive, on April t. 1924
Nos. 141 to 164 both inclusive, on April l. 1926
Nos 165 to 188 both inclusive, on April 1, 1926
Nos 189 to PIP both inclusive, on April /, 1927
Nos 2l3 to 236 both inclusive, on April /, 1925
Nos 237 to 260 both inclusive, on April 1, 1928
Both principal and interest there
of shall be payable at the Wiscon-
sin Trust Company at Milwaukee,
Wisconsin, or at the office of the
County Treasurer of said Wood Coun
ty at the option of the holders of
said bonds.
The said bonds shall be styled
''Wood County Wisconsin Insane
Asylum Bonds and shall be signed
by the chairman of the County Board
and by the county clerk of said
Wood County i'm their official capac-
titles and sealed with the county
seal of said Wood County, and at
tached coupons shall be signed by
the said County Clerk whose sigma
ture thereto may be autographed.
Section 2 That the committee
heretofore appointed, consisting of
R. E. Andrews, District Attorney of
said county, E. M. Deming and B. R.
Goggins shall in due form as required
by law and this resolution, prepare
and cause to be printed said bonds
ready for execution as hereinbefore
provided
Section 3. That said bonds shall
be negotiated by said committee con-
sisting of R. E. Andrews, E. M. Dem
ing and B. R. Goggins and be by them
sold to the highest responsible bid
der or bidders at not less than their
par value ON notice published in at
least two daily newspapers selected
by said committee, one of which
shall be published in Chicago, Hi
nois and Milwaukee, Wisconsin, and
in such trade or financial journals
as said committee may deem advis-
able, and said committee shall have
power, in their discretion, to reject
any and all bids for said bonds and
readvertise until satisfactory bids
therefor are obtained. And when sale
bonds shall be executed and fnego-
tiated aus in this resolution provided,
they shall be delivered to- the purchar
sers thereof and the proceeds thereof
shall be used only for the purposes
specified in Section One of this res
olution.
Section 4. That there be and here
by is irreVocably levied upon all the
taxable property within said County
of Wood, a direct annual tax in ad-
dition to all other taxes suffi-
cient to pay the interest of said bonds
aus it falls due and to pay the prin-
cipal of said bonds as the same shall
become due, which tax shall be
annually collected by the proper of
Ulcers and shall be kept in a separate
fund and applied to the sole purpose
of meeting and paying said principal
and interest.
Section 5. That a record and stub
book of each of said bonds shall be
kept on file by said County Clerk
in his office and the interest cou-