Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1910-07-01
RESOLUTION NO. 6.
Preamble and Resolution.

Whereas, By the provisions of
Chapter seventeen of the Revised
Statutes, and acts amendatory there
of, the commissioners of the Public
Lands of Wisconsin are authorized
to invest the trust funds of this
State in loans to towns, villages,
cities, boards of education and coun-
ties of this State, as in said acts pro-
vided, and
Whereas, Every town. village, city,
board of education and county in
this state is empowered to borrow
of said commissioners, from said
trust funds, such sum or sums of
money, for such time, and upon such
conditions and terms as may be
agreed upon by and between the
said commissioners and the town,
village, city, board of education or
county applying for loan, subject
to the limitations, restrictions and
conditions in said act set forth;
Now Therefore, Resolved, that we,
the County Board of Supervisors of
Rusk County, Wis, duly assembled
according to law, do hereby approve
and authorize application to be made
to said commissioners by the Chair
man of this Board and Clerk Of this
County of Rusk, for a loan of $10,-
100000 (Ten thousand dollars) to this
county, said loan to be payable with
in twenty years, in twenty equal an
nual installments Of five hundred dol
lars each, with interest thereon at
the rate Of 31a per cent per annum,
payable from the date Of the making
of the loan to the first day Of next
February, and thereafter annually as
provided by law; further
Resolved, that no money obtained
by this Board, by such loan from the
State, be applied or paid out for any
purpose except that Of the erection
and completion of a county Train
ing School building without the con-
sent Of the Commissioners Of the
Public Lands, hereafter obtained;
Resolved, that in case the afore-
said application for a loan from the
trust funds, shall be approved by the
said Commissioners of the Public
Lands, that the Chairman of this
Board and Clerk Of this county be
and they are hereby fully authOriz-
ed and empowered, in the name Of
the County Of Rusk, to make, exc
cute and deliver to said Commission
ers, certificates of Indebtedness in
such form as required by said Com
missoners, for any and all sums of
money that may be loaned to said
county pursuant to said application,
hereby empowering the said Chair
man and Clerk to do and perform all
necessary things to be done by the
county of Rusk, to fully carry out
the provisions of said chapter one
hundred and sixty-seven, and acts
amendatory thereof, and these res
OlutiOns;
Resolved, that a certified copy of
this preamble and resolutions, and a
certificate of the vote by which said
preamble and resolutions were adopt
ed, be filed by the Clerk of this
county, with the Secretary of the
State of Wisconsin.
Supervisor c. A. Coon moved that
the resolutions and preamble be
adopted Roll called and all mem
beGs voted aye.
RESOLUTION NO. 7.
Whereas, the county Board of SUI
pervisors of Rusk County has this
day authorized and directed the
Chairman of this Board and Clerk of
said County to make application for
and borrow from the trust funds of
the State of Wisconsin, the sum of
100000 for the purpose of erecting
and completing a County Training
School building. Therefore be it
Resolved, that there shall be raised
and there is hereby levied upon all
property, real and personal, within
the County of Rusk, a direct annual
tax sufficient to pay the interest on
such debt as it falls due, and also to
pay and discharge the principal
thereof, as such principal falls due
within twenty years from the time
of contracting said debt, in accord
ance with the amendment to Arti-
Gle XI, of Section 3, of the Con-
stitution of the State of Wisconsin.
Supervisor C.P. Coon moved that
Resolution No. Z be adopted Roll
called and all members voted aye.
PETITION OF TOWN OF WILLARD
To the Honorable County Board of
Supervisors of Rusk County:
The town of Willard, by its duly
authorized Chairman respectfully Pc
tition your Honorable Board, that the
plan for construction and improve
ment of roads and bridges in this
county be amended so far as the