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:

SECTION 1. The selectmen of the town of Mansfield may levy assessments upon the property owners within the Cabot, Cabot and Forbes (CC&F) Mansfield Industrial Park so-called in accordance with the provisions of chapter eighty of the General Laws in order to pay for all or any portion of the improvements to be financed by the town under the vote passed under article thirty-nine at the annual town meeting held in the year nineteen hundred and ninety, notwithstanding any limitation in chapter eighty-three of the General Laws or any other provisions of the General Laws limiting the amount of the costs of any particular improvements that may be paid from such assessments. Such assessments shall be made on the basis of the most recent assessed valuations of the property within the Industrial Park as of the date on which the first bonds or notes are issued for the improvements.

SECTION 2. Any bonds or notes issued by the town of Mansfield for the purposes described in section one may be made payable not later than twenty years from their dates, and the maturities of the bonds or notes shall be arranged so that for each issue the amounts payable in the several years for principal and interest combined either shall be as nearly equal as practicable in the opinion of the town treasurer or shall be arranged in accordance with a schedule providing for a more rapid amortization of principal. At the option of the selectmen, the costs of the improvements to be paid from the proceeds of the bonds or notes may include interest on the bonds or notes up to the estimated date of completion of the improvements as determined by the treasurer.

SECTION 3. This act shall take effect upon its passage.