AN ACT AUTHORIZING THE GRANBY TELEPHONE AND TELEGRAPH COMPANY OF MASSACHUSETTS TO BORROW AN ADDITIONAL SUM OF MONEY.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
The Granby Telephone and Telegraph Company of Massachusetts is hereby
authorized to borrow an additional sum of money, not exceeding five hundred
and nineteen thousand seven hundred and fifty dollars, and to execute
bonds, notes or other evidences of indebtedness payable to any person, or
to order and to deliver such bonds, notes or other evidences of
indebtedness in consideration of such loan, and to mortgage, pledge or
hypothecate any or all of its assets as security therefor; provided,
however, that all of the provisions of chapter one hundred and sixty-six of
the General Laws, except as specifically otherwise provided herein, shall
be applicable and shall govern such indebtedness or any part thereof, or bonds,
coupon notes or other evidences of indebtedness issued hereunder, including
specifically the provisions of sections four, five and six of said chapter
one hundred and sixty-six.