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. For the purpose of refunding the three million two hundred thousand dollars principal amount of emergency loan notes maturing on October twenty-second, nineteen hundred and ninety-three, which notes were issued on October twenty-third, nineteen hundred and ninety-two to pay to that extent certain District Court of Eastern Hampden Court House Construction Loan, Act of 1987 notes issued under chapter four hundred and twenty-six of the acts of nineteen hundred and eighty-seven, on October twenty-fifth, nineteen hundred and ninety-one, the treasurer of Hampden county, with the approval of the county commissioners, may borrow upon the credit of the county such sums as may be necessary, not exceeding, in the aggregate, three million two hundred thousand dollars, and may issue bonds or notes of the county therefore, which shall bear on their face the words District Court of Eastern Hampden Court House Construction Refunding Loan, Act of 1993. Each authorized issue shall constitute a separate loan and such loans shall be payable in not more than sixteen years from their dates. The 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 public or private sale, upon such terms and conditions and advertised in such manner 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 2. This act shall take effect upon its passage.