Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

other place, to icons construct and open, alter,
enlarge or extend drains, canals or
sewers, or construct sewage disposal
thereto, either within or without the
limits of said village, or alter widen or
grounds for the use or Improvement of
a harbor, and 1t shall be necessary "
take private property therefor, they
shall cause an accurate survey and plat
thereof to be made and fled with the
clerk and they may purchase, or take
by donation such grounds as shall be
and take from them conveyances there
of to the village for such use or in fee;
gut but otherwise they shall, by resolution,
and therein describe by metes and
bounds, the location of the proposed i'm
provement and the land proposed to be
parcel and the amount thereof owned by
a distant owner, mentioning the names
of the owners or occupants SO far as
known, and therein fix a day, hour and
place when and where they will apply to
the county judge or to q justice OF the
peace, resident in such village, for jury
to condemn and appraise the same.
Section 927. l. Every village incor-:
porated under special law shall be taken
as embraced within the provisions of
section S70 and additions to it's territory
may be made in the manner prescribed,
and its board of trustees shall also pos
sess the powers conferred by section 1872.
IHS DodIu OI trustees Oh every SuCH
village and the common council of every
city, whether acting under the general
law or under special charter, may exer
else all the powers conferred on village
boards by sections 895 to 904, inclusive,
and may proceed in the manner therein
prescribed to lay out and open, change
widen or extend any street, lane, alley,
public ground, square, park or other
place, or to construct or open, alter, en-
large or extend any drain, canal or
sewer, or alter, widen or straighten any
|
street, lane, alley, public ground, square,
park or other place, or for sewers or
drainage purposes. or for the cons'ruc-
ton Of sewage disposal plant, and the
necessary mains incident thereto either
within or without such city or village,
or for the use or Improvement of har
| Dor, as we'll as by the provisions Of their
respective charters.
8. The provisions Of the sec
tions aforesaid shall be taken as appIi-
board Of trustees of any such village
and the common council of any such
city is hereby authorized and empowered
to levy and collect the expense, includ-
ing all damages and costs incurred for
the taking Of private property as pro-
vided in this section and in said sections
S95 to 904, inclusive, and the acts
amendatory thereof, either in the manner
! provided in section 903 of the statutes
Of 1898 or In the manner provided. in
of the statutes OF 1898 for the payment
for street improvements, as such board
of trustees or the common council may
determine.
Section 2; This act SHAH take effect
sage and publication.
| Approved June Z, 1911. Copy Law.
No III A Al hrp Up PuPli kNg IN lyme 2 1911
AN. ACT to create section 1897. of the
sale of stock Of Insurance companies.
The people of the State of Wisconsin,
represented in Senate and Assembly,
Section I. There is added to tho
statutes a new section to read. Section
1897. I. (a) No person shall for the
purpose Of organizing or promoting any
insurance corporation to be organized or
proposed to be organized within or with
out this state, or promoting the sale of
stock Of such corporation by it after
organization as principal or agent, sell
or agree or attempt to sell within this
state any stock in such insurance cor
ton or Of sale shall be in writing and
contain provision in the following Ian
guage:
% mo sum shall be used for COM
penses on account Of any share Of stock
in this corporation, in excess of---per
cent of the amount actually paid upon
separate subscriptions Cor in lieu there
of there may be inserted, cor $--
per share from every fully paid subscrip-
tion'D, for such stock, and the remain
invested as authorized by the law gov
erning such insurance corporation and
held by the organizers Cor trustees, as
the case may be- and the directors and
officers of such corporation after organi-
cation as bailees for the subscriber to
be used only in the conduct of the bust
ness of insurance by such corporation
after having been licensed therefor by
proper authority
q The term stock as used in this
section, shall include bonds and any
other evidences Of Indebtedness or Of
interest in the profits Of any such cor
poration.
2. Funds and securities held by such
organizers, trustees. directors or Off
GERS as bailees shall be deposited with
any bank or trust company of this state
until such corporation has been licensed
8. No person shall participate in,
Ireceive or accept any part or promise
of any part of any Of the commissions
or agent for the sale of any such stock,
unless the name of such person and the
fact Of his interest, in such commits
contract Of subscription. The omission
Of such statement from any such con-
tract SHALL in addition to the penalty
herein provided, make such person liable
to the purchaser or his ass1gnees for all
sums paid by such purchasers with in
terest at the legal rate from date Of
payment upon the assignment or tender
Of assignment of the stock so purchased.
4. No person receiving any commits
sion or other profit or advantage as or
ganizer, promoter or agent. selling or
agreeing or attempting to sell any such
stock, or at any time in consideration
of, or in connection with any such sale
or contract Of subscription shall, directly
or indirectly, make or offer. to make any
contract or agreement other than as
plainly expressed therein, nor shall any
such contract of subscription contain
any agreement for employment or for
any deposit or for any special advantage
to the person purchasing or contracting
| S. No person shall issue. deliver, cir
culate or publish in this state any ad
vertisement in any. newspaper or peri
odical published in this state or any cir
cuar or prospectus for the sale of stock
Of any insurance corporation, whether
organized or proposed to be organized
within or without this state, for the pur-
pose Of soliciting or securing subscrip-
tons to or contracts for the purchase of
stock In any such corporation, unless:
! (a) A copy Of such circular, pro-
spectus or other advertisement shall first
have been filed in the office of the COM
missioner of insurance.
CD The same shall contain the name
and address of the person issuing, de-
livering, circulating or publishing the
same with a consecutive serial number
for each separate form of such circular,
| or other advertisement