Legalized and declared valid. 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, held 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: SECTION 1. The official acts of all the town officers elected at the annual town meeting for the year 1873, held 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 shall take effect and be in force from and after its passage. Approved January 30, 1874. Acts of county board of super CHAPTER 7. [Published February 4, 1874.] AN ACT to legalize certain acts of the board of supervisors of 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 land to Wiscon of March, A. D. 1873, in contracting and granting cerdeclared valid. tain county lands, and all subsequent acts relating thereto, and also the action of said board of supervisors 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 the said county of Marathon is hereby authorized County to hold 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 shall 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 county, 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 authorized to Wisconsin, are hereby authorized to borrow, upon the thousand dolfaith and credit of said town, a sum not exceeding five thousand dollars, for the purpose of defraying the expense 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 payable one thousand dollars in one year, one thousand dollars in two years, and so on; one thousand dollars to fall due and payable annually. interest how SECTION 2. The said board of supervisors are here- Principal and by authorized to give note or notes, bond or bonds on and when paid. behalf of said town, in accordance with the terms above granted, and said board of supervisors shall 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. SECTION 3. This act shall take effect and be in force from and after its passage and publication. Approved February 3, 1874. Town board authorized to twelve thou sand dollars. 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. The people of the state of Wisconsin, represented in senate and assembly, dɔ enact as follows: SECTION 1. The town of Grafton, in the county of issue bonds for Ozaukee, by her board of supervisors is hereby authorized 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 shall 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 shall take effect and be in force from and after its passage. Approved February 3, 1874. Ch. 376, P. & L. laws 1853 repealed. 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: 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 repeal 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: appointed. how applied. SECTION 1. Section five of chapter one hundred sinking fand and fifty of the private and local laws of 1867, is commissioners hereby amended so as to read as follows: "Section 5. Robert H. Hotchkiss, Joseph Keseberg and John O. Thayer are hereby appointed commissioners to dispose of the sinking fund mentioned in the preceding section, and their duty shall be as follows: They shall, in the month of February in each year, cause a notice Sinking fund, to be 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 bondholders 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 such weekly newspapers of general circulation, not less published. 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 received. 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 be safely kept by him and not opened, and he shall permit no person to inspect or handle the same until he delivers them over to the said commissioners as hereafter 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 hands the proposals received by him, when the said commissioners shall publicly proceed to open said pro. posals, and at once determine to which of the bonds the sinking fund 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 then to the bond offering the next greatest discount, and so on, until the sinking 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 en said bonds or coupons not matured, will cease on the said first day of April. In case there are none of the bonds offered at a discount below par, or not a sufficient number to absorb the sinking fund, then, after the application of the fund to the payment of the bonds cffered below par, the application of the balance shall be determined by lot beTime of notia- tween all the other outstanding bonds. As soon as to be notified. cation. 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 which 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, |