LD 1874
pg. 2
Page 1 of 2 P & S Law Chapter 40 LD 1874 Title Page
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LR 2759
Item 1

 
Sec. 1. P&SL 1959, c. 61, §11, first ¶, as amended by P&SL 1989, c. 11, §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 those
purposes, said the district, through its trustees, without
district vote, is authorized to borrow money temporarily and to
issue therefor its negotiable notes; and for the purpose of
renewing and refunding the indebtedness so created, of paying any
necessary expenses and liabilities incurred under this Act,
including organizational and other necessary expenses and
liabilities whether incurred by the district or the Town of South
Berwick, the district being authorized to reimburse said the Town
of South Berwick for any such expense incurred by it the town and
in acquiring properties, paying damages, laying pipes, mains,
aqueducts and conduits, constructing, maintaining and operating a
water plant or system and making renewals, additions, extensions
and improvements to the same and to cover interest payments
during the period of construction, said the district, through its
trustees, without district vote, is also authorized to issue,
from time to time, bonds, notes or other evidences of
indebtedness of the district in one series, or in separate
series, in such amount or amounts, bearing interest at such rate
or rates, and having such terms and provisions as the trustees
shall determine; provided the total indebtedness of the district
shall does not exceed the sum of $4,000,000 $5,200,000.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect when approved.

 
Effective April 6, 2004.


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