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CHAPTER 86

Published Maroh 22.

hope shall recent of thg annars bank de

Are Aet to provide for more fully carrying into effect the Generad Banking

Law of this state
The people of the State of Wisconsin, ropresented in

Senate and Assembly, do enact as follows :: Bank compt SEOTION 1. The bank comptroller is hereby authorized rollor to ap

meant to appoint one assistant register, who shall be accountable register. 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. Olecik

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. Appropriation. 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.

1. CHAPTER 23.

Published March 25.

An Aot 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 Cartain towns towns of Muskego, Vernon, Mukwanago, in the county to issue bonda

to railroada of Wankesba, and of east Troy, Troy, Lafayette, Sugar Oreek, 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 exceed. ing in the aggregate, the amount in each town, as bereinafter 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'; Elkborn, twenty five thousand dollars; Delavan, seventyfive thousand dollars.

SEO. 2. Such bonds shall be signed by the chairman of Wher payable, the town board of supervisors, and countersigned by the da town clerk, and shall be of such denomination and pay. able 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 appually or semi-annually. i

SEO. 3. Such bonds may be delivered to the Milwaukee To vote on is and Beloit railroad company, at their par value, in pay, sue of bonda 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 bave 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

may deem proper ; but in either case notice of the elec 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 ; bach notice shall specify the amount of the bonds proposed to be is sued to said railroad company, the length of time they are to run, the rate of interest they shall bear, and the place where the såme 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.” The election shall be conducted, and the votes shall be can

vassed, certified to, and recorded in the same manner at Proviso.

''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-five 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 Seo. 4. Before the supervisors shall issue and delive

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 applie 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, dc. SEO. 5. The shares of stock in 'said railroad company pledged for thus taken by any town, and all dividends arising there payment of principal and from, are hereby and shall remain irrevocably pledged for interest the payment of the principal and interest of the bonds de

"livered therefor, as also for the faith of such town; but thi

supervisors of the town may sell the shares of stock takei in said railroad by such town if authorized so to do, by majority of the legal voters voting at an annual towi meeting in such town, and thereafter the proceeds of sucl "Bale, and the interest thereon, shall be and remain irrevo

cably pledged to pay the principal and interest of such · bonds, and the supervisors shall annually, or whenevel . it may become necessary, l'evy a tax upon the taxable pro

perty of the town, sufficient to pay the interest upon such

bonds, and the principal when it shall become due, and · Buch tax shall be assessed, levied and collected in the same manner as other taxes iif such towns are assessed, levied and collected by law. 191",; on!! Hello!:T

SEO. 6. The shares of stock so subscribed for, and held Slock not afby any such town, shall not be in any manner affected by fected by

mortgage. any mortgage, lien, or incumbrance given or obtained upon such railroad ; and in case any such railroadbě sold or in any manner disposed of, to satisfy any such mort. gage 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."" f i nn

SEO. 7. The board of supervisors of each town holding Railroad comany shares of stock in 'said railroad, shall annually, or as missio

missioner. often as a vacancy occurs, appoint one railroad commis. sioner, 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 '80 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. 8This act shall be published in one newspaper To'publish. published in each of the counties of Waukesha and Wal.. worth, and with the laws of a general nature, and shall be "in force from and after its passage.

Approved March 18, 1856.

CHAPTER 24.
Published March 26.

An Act to authorize the State Superintendent of Public Instruction to sub

scribe 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 :

SECTION 1. The state superintendent of public instruc- State superintion, from year to year, so long as he shall deem expedient, tendent to

subscribe for is hereby authorized to subscribe for so many copies of journal of edathe Wisconsin Journal of Education, published by the cation, da

dentdent be call matte fish from per

State Teacbers’ Association, at the price of fifty cents pe year, as shall be sufficient to sapply one copy to each o ganized school district in the state, and one copy to eac town superintendent of schools in the state; Provider The state saperintendent 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 month in the columns of said journal. Tbe 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 clerkt cause each volume to be bound, at the expense of the di

trict, and to be kept in the library of such district, subjec at to the general library regulations. Payment for same

Seo. 2. A sum sufficient to pay for the number of copie of said journal so subscribed for, is hereby annually ap · 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, be drawn quarterly, and paid over to the publisher of sai

journal. To deduct

SEO. 3. In making the annual apportionment' of ti same from school fund.

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. To certify Sec. 4. In certifying to the state treasurer the appoi amount de

tionment of the income of the school fund annually, th ductod to state treasurer.

state superintendent shall state in such certificate the ag gregate amount deducted according to the provisions a this act.

Seo. 5. This act shall take effect and be in force from and after its passage.

Approved March 19, 1856.

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