Bank compt roller to ap register. CHAPTER 28 Published March 22. An Act to provide for more fully carrying into effect the General Banking The people of the State of Wisconsin, represented in SECTION 1. The bank comptroller is hereby authorized point assistant to appoint one assistant register, who shall be accountable to and perform such duties as may be assigned him by the bank comptroller, and shall receive an annual salary of six hundred dollars, to be paid by the state treasurer quarterly, commencing on the first day of January last. Clerk Agent Appropriation. SEO. 2. The state treasurer is hereby authorized to ap point one clerk, who shall perform such duties in the bank department as may be assigned by the state treasurer.He shall receive an annual salary of six hundred dollars, to be paid out of the state treasury quarterly, commencing on the first day of January last. SEO. 3. The agent of the bank department in the city of New York, shall receive an annual salary of five hundred dollars, to commence on the first day of January, 1856, and to be paid by the state treasurer, on the certificate of the bank comptroller. The salary of the bank register is hereby increased to the sum of twelve hundred dollars. SEO. 4. A sum sufficient to provide for the payment of the foregoing appropriations is hereby annually appopriated, to be paid out of any money in the state treasury not otherwise appropriated. SEO. 5. This act shall take effect and be in force from and after its passage. Approved March 18, 1856. CHAPTER 23. Published March 25. An Act to authorize certain towns to aid in the construction of the Milwaukee and Beloit Railroad. The People of the State of Wisconsin represented in Senate and Assembly, do enact as follows: SECTION 1. The respective boards of supervisors of the Certain towns towns of Muskego, Vernon, Mukwanago, in the county to issue bonds to railroad. of Waukesha, and of east Troy, Troy, Lafayette, Sugar Creek, Elkhorn and Delavan, in the county of Walworth, are hereby authorized and empowered on the condition and for the purpose of aiding in the construction of the Milwaukee and Beloit railroad, to issue the bonds of their respective towns for any sum of money not exceeding in the aggregate, the amount in each town, as hereinafter specified, to wit: Muskego, fifty thousand dollars; Vernon, fifty thousand dollars; Mukwanago, one hun dred thousand dollars; East Troy, one hundred thousand dollars; Troy, fifty thousand dollars; Lafayette, thirty thousand dollars; Sugar Creek, forty thousand dollars; Elkhorn, twenty five thousand dollars; Delavan, seventyfive thousand dollars. SEO. 2. Such bonds shall be signed by the chairman of When payable, the town board of supervisors, and countersigned by the c town clerk, and shall be of such denomination and payable at such place as the board of supervisors, issuing them may deem advisable, and shall be payable at a time specified therein, not exceeding twenty years from the date, with interest, not exceeding 8 per cent. per annum, payable annually or semi-annually. sue of bonds. SEC. 3. Such bonds may be delivered to the Milwaukee To vote on isand Beloit railroad company, at their par value, in pay. ment for shares of stock to be subscribed by the supervis ors of the town, in the capital stock of said railroad company, for the benefit of such town; but no such bonds shall be issued until a majority of the legal voters of the town voting upon the question shall have voted in favor of such issue. A special election for that purpose may be called by the supervisors of the town, at the usual place of holding the annual town meeting, at such time as they Proviso. may deem proper; but in either case notice of the ele tion shall be posted up in five public places in the town and be published in a newspaper printed in the county for twenty days preceding such election; such notic shall specify the amount of the bonds proposed to be i sued to said railroad company, the length of time the are to run, the rate of interest they shall bear, and th place where the same shall be payable; at such election those voting in favor of the proposition shall deposit ballot containing the words thereon, "For the railroad, and those voting against it shall deposit a ballot contain ing thereon the words, "Against the railroad." Th election shall be conducted, and the votes shall be can vassed, certified to, and recorded in the same manner a the votes given at the annual town meeting; Provided however, That no such election shall be ordered or called by the supervisors of the town, unless the same shall be requested in a petition signed by not less than twenty-fiv freeholders of such town; but when such petition & signed shall be presented to the supervisors of the town they shall order or call such election as herein provided. Company to SEC. 4. Before the supervisors shall issue and delive give security. any such bonds, said railroad company shall give securit to the satisfaction of the supervisors, that the mone arising from the sale of bonds shall be faithfully applied to the construction of the Milwaukee and Beloit railroad and the said railroad shall be completed to such poin within such time as they may deem it safe and expedien to require. Stock, &c. pledged for payment of principal and interest. SEC. 5. The shares of stock in said railroad company thus taken by any town, and all dividends arising there from, are hereby and shall remain irrevocably pledged for the payment of the principal and interest of the bonds delivered therefor, as also for the faith of such town; but the supervisors of the town may sell the shares of stock taken in said railroad by such town if authorized so to do, by majority of the legal voters voting at an annual tow meeting in such town, and thereafter the proceeds of such sale, and the interest thereon, shall be and remain irrevocably pledged to pay the principal and interest of such bonds, and the supervisors shall annually, or whenever it may become necessary, levy a tax upon the taxable property of the town, sufficient to pay the interest upon such bonds, and the principal when it shall become due, and such tax shall be assessed, levied and collected in the same manner as other taxes in such towns are assessed, levied and collected by law. mortgage. SEO. 6. The shares of stock so subscribed for, and held Stock not af by any such town, shall not be in any manner affected by fected by any mortgage, lien, or incumbrance given or obtained upon such railroad; and in case any such railroad be sold or in any manner disposed of, to satisfy any such mortgage or lien, such shares of stock held by such town, shall still remain valid and unaffected, and the town shall be entitled to draw the same dividends upon such shares in whosoever hands or control such railroad may be, as if no such sale or disposition had been made. missioner. SEO. 7. The board of supervisors of each town holding Railroad comany shares of stock in said railroad, shall annually, or as often as a vacancy occurs, appoint one railroad commissioner, who shall attend the annual or special meetings of the stockholders of said railroad company, and shall be entitled to cast one vote for every share of stock so held by the town, in the election of officers in said railroad company, and in all questions in which the stockholders may have a vote. SEO. 8. This act shall be published in one newspaper To publish. published in each of the counties of Waukesha and Walworth, and with the laws of a general nature, and shall be in force from and after its passage. Approved March 18, 1856. An Aet to authorize the State Superintendent of Public Instruction to subscribe for a certain number of copies of the Wisconsin Journal of Education. The people of the State of Wisconsin, represented in Senate and Assembly, do enact as follows: subscribe for SECTION 1. The state superintendent of public instruc- State superintion, from year to year, so long as he shall deem expedient, tendent to is hereby authorized to subscribe for so many copies of journal of eduthe Wisconsin Journal of Education, published by the cation, &a Payment for same. To deduct same from school fund. To certify amount deducted to state treasurer. State Teachers' Association, at the price of fifty cents pe year, as shall be sufficient to supply one copy to each o ganized school district in the state, and one copy to eac town superintendent of schools in the state; Provide The state superintendent be allowed to publish, free expense to the state, any and all matters of an education character, that he may wish to publish from month t month in the columns of said journal. The said periodic shall be sent by the publishers to the clerk of each scho district in the state, and to each town superintendent i the state. It shall be the duty of each district clerk t cause each volume to be bound, at the expense of the di trict, and to be kept in the library of such district, subje to the general library regulations. SEO. 2. A sum sufficient to pay for the number of copie of said journal so subscribed for, is hereby annually a propriated out of the income of the school fund, and th same shall remain in the state treasury, subject to th draft of the state superintendent of public instruction, t be drawn quarterly, and paid over to the publisher of sai journal. SEO. 3. In making the annual apportionment of t income of the school fund among the several towns an cities of this state, it shall be the duty of the state supe intendent to deduct from the whole amount otherwise sul ject to apportionment, such sum as may be necessary t pay for the said journal at the price above named. SEC. 4. In certifying to the state treasurer the appo tionment of the income of the school fund annually, th state superintendent shall state in such certificate the ag gregate amount deducted according to the provisions this act. SEO. 5. This act shall take effect and be in force from and after its passage. Approved March 19, 1856. |