Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The county commissioners of Barnstable county are hereby authorized to raise and expend a sum not exceeding six hundred thousand dollars to make certain capital improvements to the Barnstable county hospital buildings as they deem necessary and proper including plans and specifications in connection therewith. Any sums received from the federal or state governments for the purposes of this act shall be included in, and considered a part of, the total amount authorized to be expended hereunder.
SECTION 2. For the purposes authorized by section one, the treasurer of Barnstable county, with the approval of the county commissioners and the advisory board on county expenditures in said county, may borrow upon the credit of the county such sums as may be necessary, not exceeding, in the aggregate, six hundred thousand dollars, and may issue bonds or notes of the county therefor, which shall bear on their face the words, Barnstable County Hospital Buildings, Act of 1987. Each authorized issue shall constitute a separate loan and such loans shall be payable in not more than twenty years from their dates. The bonds or notes shall be signed by the county treasurer and countersigned by a majority of the county commissioners. Said county may sell the said securities at public or private sale, upon such terms and conditions as the county commissioners may deem proper, but not for less than their par value. Indebtedness incurred hereunder shall, except as herein provided, be subject to chapter thirty-five of the General Laws.
SECTION 3. The county treasurer of Barnstable county, with the approval of the county commissioners and said advisory board on county expenditures, may issue temporary notes of the county, payable in not more than one year from their dates, in anticipation of the issue of serial bonds or notes under this act, but the time within which such serial bonds or notes shall become due and payable shall not, by reason of such temporary notes, be extended beyond the time fixed by this act. Any notes issued in anticipation of the serial bonds or notes shall be paid from the proceeds thereof.
SECTION 4. This act shall take effect upon its passage.