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JOINT SCHOOL DIST. NO. 1 v. CITY OF CHILTON

No. 75-261.

78 Wis.2d 52 (1977)

253 N.W.2d 879

JOINT SCHOOL DISTRICT NO. 1 OF CITY OF CHILTON, and others, Plaintiffs-Appellants, v. CITY OF CHILTON, Defendant-Respondent.

Supreme Court of Wisconsin.

Decided May 17, 1977.

Attorney(s) appearing for the Case

For the appellant the cause was submitted on the briefs of Bonk, Lutz & Hertel, attorneys, of Chilton, and Scott H. Millard, of counsel, of Delavan.

For the respondent the cause was submitted on the brief of William Engler, Jr., and Engler & Ondrasek, attorneys, of Chilton, and Robert D. Sundby, of counsel, of Madison.

CONNOR T. HANSEN, J.

In 1952, the schools in the City of Chilton were operated as part of a city school district. The city issued general obligation bonds in the amount of $375,000 to improve existing school buildings. An annual irrepealable tax was levied to retire the bonds and pay interest. Pursuant to sec. 67.11, Stats. 1951,1 the city created a sinking fund to segregate the premium, accrued...

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