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1990

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CHAPTER 152 AN ACT AUTHORIZING THE COUNTY COMMISSIONERS OF ESSEX COUNTY TO BORROW MONEY TO MAKE CERTAIN IMPROVEMENTS TO COUNTY OWNED BUILDINGS.

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

SECTION 1. The county commissioners of Essex county are hereby authorized to spend such sums as may be necessary not exceeding five million dollars for the purpose of equipping and upgrading the mechanical, electrical, safety, structural condition and grounds of county owned buildings, including architectural and engineering fees and other costs connected therewith. The buildings shall include courthouses in Essex county, the Correctional Alternative Center in the city of Lawrence and the Essex Agricultural and Technical Institute.

SECTION 2. For the purposes authorized by section one, the treasurer of Essex county, with the approval of the county commissioners and the advisory board on county expenditures, may borrow upon the credit of the county such sums as may be necessary, not exceeding, in the aggregate, five million dollars, and may issue bonds or notes of the county therefore, which shall bear on their face the words, Essex County Buildings Repair and Renovation Loan, Act of 1990. Each authorized issue shall constitute a separate loan and such loans shall be payable not more than twenty years from their dates. Said bonds or notes shall be signed by the county treasurer and countersigned by a majority of the county commissioners. The county may sell said securities at a public sale, upon such terms and conditions as the county commissioners may deem proper, but not for less then their par value. Indebtedness incurred hereunder shall, except as herein provided, be subject to chapter thirty-five of the General Laws.

SECTION 3. For the purposes authorized by section one, the county commissioners, with the approval of the advisory board on county expenditures, may, on an annual basis, specify upgrade projects. For the purposes authorized by section one, the county commissioners, with the approval of the advisory board executive committee may approve emergency upgrade projects.

SECTION 4. This act shall take effect upon its passage.

Approved August 2, 1990.