Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
as follows:
The town of Oak Bluffs is hereby authorized to establish in the town treasury a fund which shall be kept separate and apart from all other monies by the town treasurer and in which shall be deposited only the receipts from the sale or sales of the Lake street fire station, fire station number three and fire station number four. The principal thereon shall be expended without further appropriation under the direction of said town treasurer and the board of selectmen for the purchase of fire trucks and the repayment of any borrowing incurred as the result of the construction of fire department facilities.