Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The town of Saugus is hereby authorized, for the purpose of paying a judgment rendered in the case of Voutour v. Vitale, to appropriate and expend an amount not to exceed one million seven hundred and sixty-five thousand dollars.
SECTION 2. For the purpose authorized in section one, the town treasurer of the town of Saugus, may borrow upon the credit of said town such sums as may be necessary, not exceeding, in the aggregate, one million seven hundred and sixty-five thousand dollars, and may issue bonds or notes of the town which shall bear on their face the words, "Town of Saugus Loan, Act of 1986". The authorized issue shall be payable in not more than five years from its date. Indebtedness incurred hereunder shall, except as herein provided, be subject to chapter forty-four of the General Laws.
SECTION 3. This act shall take effect upon its passage.