Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-01-27

on deposit with us, which interest is
to be credited to the county monthly
and we will allow any reasonable
amount they may need during the
year, at six per cent per annum, such
loans not to draw interest as daily
balances.
We also agree to furnish such sure
ty or other bond as the County Board
or its duly authorized agents may re-
quire.
Respectfully,
Ingram State Bank,
By H. 0. Wagner, Cashier.
Labyrinth, Wis, Nov. 30th, 1910.
To the Rusk County Board,
Ladysmith, Wis.
Gentlemen:-We, the undersigned
hereby submit the following terms
for your consideration relative to the
County Depository designation and
daily balance and loan interest for
the calendar year of 1911.
Cd On average daily balances we
agree to pay interest at the rate of
three CD per cent per annum.
| ca Interest shall be computed at
the close of each calendar month and
credited at such times to the Coun-
tvs balance
| CO In the matter of loans to the
county we agree to provide and are
duly and legally authorized and at
the rate Of six co per cent per
annum.
(4) Regarding balances created by
loans it is hereby agreed and under
stood that in the event of the county
loan wherein the daily balance does
not exceed the amount of such loan,
no interest shall be paid on such bal
ance until such daily balance is in
excess of said loan, and then interest
to be paid only on the amount of the
daily balance in excess of the loan
Indebtedness to this bank.
We enclose bank statement here
with and assure you of careful and
business-like methods in the handling
of the County's deposit
Respectfully submitted,
STATE BANK OF LADYSMITH,
BY ]. o. Sinclair, Cashier.
Bruce, Wis, Nov. Goth, 1910.
To the County Board of the County
Of Rusk,
Ladysmith, Wis
Gentlemen:--In the matter Of the
designation of a county depository for
the calendar year of 1911 we beg
leave to submit the following propo-
sition:
We agree to pay three per cent on
the average daily deposit computed
and credited to the account at the
end of each calendar month, and to
furnish sufficient surety bonds as
may be required for the faithful per
Torrance of the same; We further
agree to loan to the County such sums
as may be properly authorized and
required by it at the rate of six per
cent per annum, provided however
that the rate of interest to be paid
on daily balances shall not apply to
balances created by loans unless said
balance is in excess of the amount
borrowed and then only on such ex-
cess.
Respectfully submitted,
LUMBERMAN'S STATE BANK,
BY w A. Blackburn, Cashier.
Supervisor C. P. Coon moved the
adoption of the report.
Supervisor Peterson moved TO
amend the report and that the Coun-
ty deposits be distributed among the
banks of the county according to their
capital stock
Roll call on amendment. Ayes SUI
pervisors Blood, Boyer, Conrath, Ell
lingson, Gagnon, Goocher, Gourdoux,
Marley, Mccain, Miller, Peterson and
Worden-12.
Noes-Supervisors Apker, Arpin
Austin, c. A Coon, c. P. Coon, Helm,
Koehler McHugh, Stubbs-9.
Not voting, Supervisor Bierman.
Amendment adopted.
Roll called to adopt the report as
amended and all members voted aye.
Supervisor Coon moved that the
reading of the report of the Equaliza-
ton Committee be dispensed with as
all members had type written copy
Motion carried.
Supervisor c.. P Coon moved that
the report of the Equalization Com
mittee be adopted.
Supervisor Miller moved to amend
Equalization Committees report and
that last years report be taken on
the value per acre and the towns OF
Grant, Thornappple and Flambeau be
raised SO per cent per acre and Big
Bend be lowered Is cents per acre.
Supervisor G. P. Coon moved that
amendment be amended and that the
town of Washington be reduced 5O
cents per acre and that the balance