Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

After December thirty-first, nineteen hundred and eighty-seven, no public pension funds of the city of Newton shall be invested or remain invested, or be deposited in any bank or financial institution which directly or through its subsidiaries has outstanding loans or existing lines of credit to the Republic of South Africa or its instrumentalities and no such pension funds shall be invested or remain invested in the stocks, securities, or other obligations of any company doing business in or with the Republic of South Africa or its instrumentalities, or whose subsidiary or affiliate does business in or with South Africa or its instrumentalities, until the board of aldermen shall determine that the Republic of South Africa has abolished the apartheid policy.