dollars; provided, that nothing in this act shall be construed as to interfere with purely scientific works, written on the subject of sexual physiology or works of art." SECTION 2. This act shall take effect and be in force, from and after its passage and publication. Approved April 8, 1899. No. 277, S.] [Published April 11, 1899. CHAPTER 129. AN ACT to amend subdivision 2 of section 258 and section 261 of chapter 17 of the Wisconsin statutes for the year 1898, relating to the in vestment of trust funds. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: Loans to Ch. 129 1901, c 123 SECTION 1. Subdivision 2 of section 258, school dischapter 17 of the Wisconsin statutes for 1898 is tricts. hereby amended by inserting after the word "buildings" in the third line of said subdivision 2 the words "or refunding their indebtedness," so that said subdivision when so amended shall be and read as follows: 2. In loans to school districts in the state, or to the school directors of any town therein in which the township system of schools exists, as hereinafter provided, for the purpose of erecting school buildings or refunding their indebtedness, but for no other purpose. and limitation Interest SECTION 2. Section 261 of the Wisconsin Time of loan, statutes for 1898 is hereby amended by striking as to amount. out the word "ten" in the second line and insert- thereon. ing in lieu thereof the word "fifteen," and by striking out the word "four" in the seventh line 1 §2 C 129 '99 81 C 123 01 thereof and inserting in lieu thereof the words "three and one half" and strike out the words "in advance" in the eighth line so that said section when so amended shall read as follows: Section 261. Every loan to a school district may be made for such time, not exceeding fifteen years, and of such amount which, together with all other indebtedness of such district, shall not exceed five per centum of the last preceding as sessed valuation of the real property in such district and not exceeding in any case ten thousand dollars, as may be agreed upon; the principal shall be payable in equal annual installments from a time fixed by said commissioners with interest at a uniform rate of three and one-half per centum annually. No such loan shall be made until proof be filed in the office of said commissioners of the complete performance on the part of such district of each and every act hereinafter required to precede the same. SECTION 3. This act shall take effect and be in force from and after its passage and publication. Approved April 8, 1899. No. 278, S.] [Published April 11, 1899. Loans to town, city, village or county, how made. CHAPTER 130. AN ACT to amend section 258-a, chapter 17 of the Wisconsin statutes for the year 1898, relating to the investment of the trust funds. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Section 258-a of chapter 17, Wis consin statutes of 1898, is hereby amended by striking out the word "four" where it occurs in the tenth line of said section, and inserting in lieu thereof the words "three and one-half," so that said section when so amended shall read as follows: Section 258-a. The loans provided for by sub-division 5 of the preceding section may be made for any term not exceeding twenty years; may be made payable in installments, and be in such amounts as shall not, in connection with alı other indebtedness of the town, village, city or county applying therefor, exceed five per centum of the average assessed valuation of the taxable property therein for the three years next preceding the application for such loan; provided, that such loan may be made to pay off existing indebtedness and may be paid over in installments as fast as such indebtedness or the evidence thereof is canceled. The rate of interest on such loans shall not be less than three and one-half per centum per annum. ers authorized SECTION 2. Chapter 17, Wisconsin statutes Commissionof 1898 is hereby amended by inserting after sec- to loan surplus tion 258-h, in said chapter, a new section to be trust funds. known as section 258-i, which shall be and read as follows: Section 258-i. The said commissioners when there is a surplus of trust funds on hand may, and they are hereby authorized and empowered to purchase for investment the interest-bearing securities of any town, village, city or county of this state, paying therefor out of said funds such price as shall net the state a rate of interest not less than three and one-half per centum per annum. SECTION 3. This act shall take effect and be in force from and after its passage and publication. Approved April 8, 1899. No. 337, S.] [Published April 11, 1899. CHAPTER 131. AN ACT relating to legislative caucuses. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. In any legislative caucus for the nomination of a candidate for United States senator, each member shall vote viva voce upon a call of the roll and such votes shall be entered upon the minutes of the caucus. The person receiving the number of votes required by the usages of the party holding the caucus shall be declared the nominee of such party. SECTION 2. This act shall take effect and be in force from and after its passage and publication. Approved April 8, 1899. No. 298, S.] [Published April 11, 1899. Character of bonds, interest where cred- CHAPTER 132. AN ACT to amend sub-section 193 of section 925, (925-193), of the Wisconsin statutes of 1898, relating to the issue of bonds for special street improvements. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SECTION 1. Sub-section 193 of section 925, (925-193), of the Wisconsin statutes of 1898 is hereby amended so as to read as follows: "said bonds may be annual or semi-annual interest coupon bonds or registered bonds without interest coupons as the common council may direct, the total issue in each case shall be payable in annual installments for a period not exceeding ten years from the date of issue, and shall draw interest at a rate not exceeding six per cent. per annum, interest payable annually or semiannually as the common council may direet; such bonds may be of such denomination as the common council shall determine and shall be sold at not less than par. The proceeds of the sale of such bonds shall be credited by the city treasurer to the special fund for the improvement of such street or streets, and may be paid to the contractor for such work when payment is due him and the council shall so direct, or the contractor may take such bonds as payment for work done with the permission of the council. SECTION 2. This act shall take effect and be in force from and after its passage and publication. Approved April 8, 1899. No. 335, S.] [Published April 11, 1899. CHAPTER 133. AN ACT to unify and simplify the system of bookkeeping in the state offices, and make an appropriation therefor. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: C 133 '99 Ch. 133 See 1901 c 433 § 3 tion of $10,000. SECTION 1. The governor, secretary of state, Appropriaand state treasurer are hereby authorized to se- Duties of exlect an expert accountant for a period of not ants who are more than six months and at an expense not ex- system. pert account to establish |
