Whereas, the charter of the Madawaska Water District makes reference to a repealed section of law; and

Whereas, the charter makes reference to the Madawaska Water District conducting referendum elections to increase the district's debt limit; and

Whereas, the Madawaska Water District operates under a town meeting form of government; and

Whereas, in order to allow the Madawaska Water District to operate under its governing structure, it is necessary to amend the charter; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Be it enacted by the People of the State of Maine as follows:

Sec. 1. P&SL 1953, c. 17, §11, first ¶, as amended by P&SL 1995, c. 75, §1, is further amended to read:

For accomplishing the purposes of this act and for such other expenses as may be necessary for the carrying out of said purposes, said district, through its trustees, subject to the provisions of the Maine Revised Statutes, Title 35-A, section 6304 6310, is authorized to issue its notes and bonds in one series or in separate series from time to time and to make subsequent renewals of the same in whole or in part to an amount not exceeding the sum of $1,500,000 outstanding at any one time, unless the district obtains approval of the voters of the district for a higher debt limit pursuant to this section. Said notes and bonds are the legal obligation of said district, which is hereby declared to be a quasi-municipal corporation within the meaning of the Maine Revised Statutes, Title 30-A, section 5701, as amended, and all provisions of said section are applicable to those notes and bonds. The notes and bonds are a legal investment for savings banks in the State of Maine, and are exempt from all present taxes. The said district may refund and reissue, subject to the provisions of the Maine Revised Statutes, Title 35-A, section 6304, from time to time, any of its notes and bonds and other evidence of indebtedness. Each bond or note must have inscribed on its face the words "Madawaska