Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The treasurer of the town of Hull with the approval of the board of selectmen is hereby authorized to issue bonds and notes of the town in the total principal amount of seven hundred and eighty-five thousand, one hundred and seven dollars and seventy-four cents and accrued interest, payable in not more than ten years from the date of issue for the purpose of refunding the note of the town issued under the provisions of chapter four hundred and eighty-two of the acts of nineteen hundred and seventy-eight which is payable on October twenty-seventh, nineteen hundred and eighty-eight. The indebtedness incurred under the provisions of this act shall be deemed to be outside of the debt limit as defined in section ten of chapter forty-four of the General Laws; provided, however, all other provisions of said chapter forty-four shall be applicable.
SECTION 2. This act shall take effect upon its passage.