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CHAPTER 6.

[Published February 4, 1874.]

AN ACT to legalize the official acts of the town officers elected

at the annual town meeting for the year 1873, beld at the school-house in district number 2, of the town of Holland, in the county of Brown.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

Legalized and declared valid.

SECTION 1. The official acts of all the town officers elected at the annual town meeting for the year 1873. beld at the school-house in school district number 2, for the town of Holland, in the county of Brown, are hereby legalized and declared valid.

SECTION 2. This act sball take effect and be in force from and after its passage.

Approved January 30, 1874.

CHAPTER 7.

[Published February 4, 1874.)

AN ACT to legalize certain acts of the board of supervisors of

Marathon county.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

SECTION 1. The action of the board of supervisors visors granting of Marathon county, as assembled on the fifteenth day sin valley RR of March, A. D. 1873, in contracting and granting cerdeclared valid. tain county lands, and all subsequent acts relating and the said county of Marathon is hereby authorized Connty to hold

Acts of county board of super

land to Wiscon

thereto, and also the action of said board of supervi. sors of Marathon county, as assembled on the fourth day of September, A. D. 1873, in ordering the assignment and in disposing of certain certificates of sale of lands for taxes, all in relation to aid in the construction of the Wisconsin Valley railroad, are hereby ratified and declared valid, legal and binding for the intents and purposes designed by any and all of said acts, and the same shall be so held in all courts and places;

and control the and empowered to hold and control the railroad stock railroad stock. taken in consideration of said acts, for the benefit of said county, as by law provided in such cases.

SECTION 2. This act sball take effect and be in force from and after its passage.

Approved January 30, 1874.

CHAPTER 8.

[Published February 4, 1874.)

AN ACT authorizing the town of Kaukauna, Outagamie coun

ty, to borrow money.

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

borrow five

lars.

SECTION 1. The board of supervisors of the town Town board of Kaukauna, in the county of Outagamie and state of aathorized to Wisconsin, are hereby authorized to borrow, upon the thousand dolfaith and credit of said town, a sum pot exceeding five thousand dollars, for the purpose of defraying the expepse necessarily incurred in building and repairing bridges in said town. The interest thereon shall be at a rate not exceeding ten per cent., and shall be payable annually, and the principal shall become due and pay, able one thousand dollars in one year, one thousand dollars in two years, and so on; one thousand dollars to fall due and payable annually,

SECTION 2. The said board of supervisors are here. Principal and by authorized to give note or notes, bond bonds on

and when paid. bebalf of said town, in accordance with the terms above granted, and said board of supervisors sball during the continuance of said loan raise by tax upon the taxable property in said town, a sum of money sufficient to pay off one thousand dollars of the principal annually and interest on the whole amount outstanding; and the clerk of said town is hereby authorized and required in each and every year during the continuance of said loan to insert in the tax roll of said town the amounts aforesaid, and the same shall be collected as other town taxes, and when so collected shall be applied to the object herein specified and to no other.

interest how

or

SECTION 3. This act shall take effect and be in force from and after its passage and publication.

Approved February 3, 1874.

CHAPTER 9.

[Published February 4, 1874.]

AN ACT to authorize the town of Grafton, in Ozaukee county,

to issue bonds for the purpose of building a bridge across the Milwaukee river, in the village of Grafton in said county.

to

twelve thon

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows: Town board SECTION 1. The town of Grafton, in the county of issue bonds for Ozaukee, by her board of supervisors is hereby authorsand dollars.

ized and empowered to issue bonds to the amount not exceeding twelve hundred dollars, with interest thereon at the rate of ten per cent. per annum, payable in one year from the date of the passage of this act, for the purpose of building a bridge across the Milwaukee river, on Bridge street, in the village of Grafton, in

said county, where the old bridge is now located. Bonds, how and when paid.

SECTION 2. The money for the payment of said bonds sball be levied and collected at the same time, together with the general and local taxes in the year of 1874, in the same manner as provided by law for the levying and collection of taxes.

SECTION 3. This act sball take effect and be in force from and after its passage. Approved February 3, 1874.

,

CHAPTER 10.

[Published February 4, 1874.]

AN ACT to repeal chapter 376, private and local laws of 1853,

authorizing John W. Steward to build and maintain a dam in

the Pecatonica river, in the county of La Fayette. The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

Ch. 376, P. & L. laws 1853 re. pealed.

SECTION 1. Chapter 376 of the private and local ws of 1853, and all acts and parts of acts amendatory thereof, as explanatory thereto, are hereby repealed.

SECTION 2. This act shall take effect and be in force from and after its publication.

Approved February 3, 1874.

CHAPTER 11.

[Published February 5, 1874.)

AN ACT to amend section five, chapter one hundred and fifty

of the private and local laws of 1867, entitled “an act to enable the county of Sheboygan to settle with the holders of its railroad aid bonds, and to fund the interest which fell due on the same in the years 1863, 1864, 1865 and 1866, and to ra peal chapter two hundred and fifty-four, private and local laws of 1871, entitled 'an act to amend section five, chapter one hundred and fifty, of the private and local laws of 1867.?

The people of the state of Wisconsin, represented in senate

and assembly, do enact as follows:

Section 1. Section five of chapter one hundred sinking fand and fitty of the private and local' laws of 1867, is commissioners

appointed. hereby amended so as to read as follows: " Section 5. Robert H. Hotchkiss, Joseph Keseberg and John 0. Thayer are hereby appointed commissioners to dispose of the sinking fuod mentioned in the preceding seclion, and their duty shall be as follows: They shall, in the month of February in each year, cause å notice Sinking fiend,

how applied to te given to all bondholders of the county of Sheboygan, to the effect that a sinking fund, sufficient to redeem a number of the outstanding bonds of said county, which amount of sinking fund so applicable shall be stated in the notice, has been raised by the county of Sheboygan, and inviting proposals from the bondholders for said sinking fund, to be forwarded to the county clerk of said county on or before the second Monday of March next following, and that the bondbolders offering the greatest rate of discount upon the principal of their bonds below their par value, will be entitled to payment out of the sinking fund, which notice shall be published for three successive weeks in Notice to be snch weekly newspapers of general circulation, not less pobliehed. than three, as said commissioners may select, and a copy of said notice shall be sent by mail, properly enclosed, and addressed to each holder of any of the bonds of said county, whose postoffice address shall be known to said commissioners, or can be ascertained at

made.

the offices of the county treasurer or county clerk of Proposals, how said county. All proposals shall be securely sealed

and endorsed 'proposal for sinking fund, and when received by said clerk shall he safely kept by him and not opened, and he shall permit no person to inspect or handle the same until be delivers them over to the said commissioners as herealter required. On the first Wednesday after the second Monday of March, said commissioners shall meet at the office of the county clerk, and the said clerk shall then deliver into their bands the proposuls received by him, when the said commissioners shall publicly proceed to open said pro. posals, and at once determine to which of the bonds

ihe sinking food already raised shall be applied, acAwards, how cording to the following rules: The fund shall be

awarded to the payment of the bonds upon which the greatest rate of discount below par is offered, beginning with the bond offering the greatest discount of all, and iben to the bond offering the next greatest discount, and so on, until the rinking fund shall have been all absorbed, so far as the same can be accomplished, without making a partial payment on any bond. In case two or more bonds are equally entitled under the above rule to be paid, and there shall not be sufficient for the payment of all, then the bond or bonds

to which the same shall be applied, shall immediately Lowest bidders be determined by lot. The holders of bonds to whom

the award of sinking fund shall be made, shall be immediately notified of said award by the commissioners, and that the amount of such award, with the interest accrued upon such bonds, will be paid at the office of the county treasurer of said county of Sheboygan on the first day of April next following, and that the liability of said county for all interest on said bonds or coupons not matured, will cease on the said first day of April

. In case there are done of the bonds offered at a discount below par, or not a sufficient nuinber to absorb the sinking tund, then, after the application of the fund to the payment of the bonds offered below par, the appli

cation of the balance shall be determined by lot beTime of notið. tween all the other outstanding bonds.

As soon as practicable, and before ten days after the said commissioners shall have so determined by lot to which of said bonds the sinking fund shall be applied, they shall cause a notice to be sent to each of the holders of the bonds to wbich they have determined to apply the sinking fund, and also to the banking house or other place where the bonds are payable, that said bonds will be paid at the place named in the bond for payment,

to be notified.

cation.

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