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December 22, 2024 Clear | 16°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 44 MUNICIPAL FINANCE
  5. Section 57 Taxation; interest on debts incurred in aid of a railroad

Section 57

Section 57: Taxation; interest on debts incurred in aid of a railroad

Section 57. A city or town owing debts incurred in aid of a railroad corporation shall annually raise by taxation an amount sufficient, with the income, if any, derived from its stock or securities, to pay the interest on such debts.