Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1912-06-13

| SItu SUM vi SnIlS vi IIIDHtH, III BuCIl
time and upon such conditions and
terms M may be agreed upon by and
| between the said commissioners and
the town, village, city, board Of educa
ton, or county applying for loan
subject to the limitations. restrictions
and conditions in said act set forth /;
now therefore,
BE it Resolved, That we the common
council of the city of Mineral Point,
Iowa comfy, Wisconsin, duly assem-
/ BLEED according to law do hereby ap-
prove and authorize application to be
made to said commissioners by the
mayor and city clerk Of this city for n
loan Of Forty Thousand Dollars to this
city, said loan to be payable within
20 years in annual installments with in
terest thereon mt the rate of 80 per cent
per annnm, payable from the date of
the making Of said loan to the first day
of the next February and thereafter an
nually as provided by law; further,
Resolved That no money obtained
by this city by such loan from the state
be applied or paid out for any pur
pose except that Of erecting new city
hall in this city without the consent
Of the commissioners Of public funds,
hereafter obtained; and be it further
Resolved. That in case the aforesaid
application for a loan from the trust
funds, shall be approved by the said
commissioners of the public lands, that
the mayor and clerk of this city be,
and they are hereby fully authorized
and empowered, in the name of the
city of Mineral Point, Iowa county,
Wisconsin, to make execute and de-
liver to said commissioners certificate
of indebtedness in such form as may
be required by said commissioners for
any and all sums Of money that may
be loaned to said city, pursuant to said
application, hereby empowering the
said mayor and clerk to do and per
form all necessary things to be done by
the city of Mineral Point, Wisconsin
to fully carry out the provisions of said
chapter II and acts amendatory there
of and these resolutions.
Resolved that certified copy of this
preamble and resolutions and GER
tifcate of the vote by which the said
preamble and resolutions were adopted.
bc filed by the clerk of this city with
thu secretary Of state Of Wisconsin.
hereby approve the foregoing pre-
amble and resolutions.
j. p. PARMLEY, Mayor.
Dated June 4, 1919.
Moved by Alderman Shepard, sec
onded by Alderman Sims, that the
preamble and resolution offered by AL
derman Martin be adopted. Motion
carried by all present voting aye on roll
call.
The following preamble and resolution
was offered by Alderman Martin:
PREAMBLE AND RESOLUTION.
Whereas, The common council of the
city of Mineral Point in Iowa county in
the state of Wisconsin has this day
authorized and directed the mayor and
clerk of said city to make application
for and borrow from the trust funds of
the state of Wisconsin the sum of
Forty Thousand Dollars for the pur-
pose of erecting new city hall; there
fore, be it
Resolved, That there shall be raised
and there is hereby levied upon all
property. real and personal, within the
city of Mineral Point, county of Iowa,
state of Wisconsin, a direct annual tax
sufficient to pay interest .on such debt
M 1t falls due and also to pay and dis
charge the principal thereof, as such
principal falls due, within twenty years
from the time of contracting said debt,
in accordance with the amendment of
article ri of section 3, of the constitu-
ton of the state of Wisconsin.
Moved by Alderman Terrill, seconded
by Alderman Appel, that the resolution
be adopted. Carried by all present vot-
ing aye on roll call
Alderman Appel was instructed to
inform the secretary of the Fire CO.
that their bill for janitor service be
presented to the council.
Motion to adjourn to the 10th of June
carried.
J. =. PARMLEY,
Attest Mayor.
w. IL, Bohan. City Clerk.