Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding the provisions of chapter one hundred and fourteen of the General Laws, or any other general or special law to the contrary, the trustees of the Milton cemetery may, from time to time, for the purpose of capital expenditures for cemetery development, borrow from the cemetery perpetual care fund heretofore established, up to one-third of the market value of such fund.
SECTION 2. Each such borrowing and the terms of such borrowing, including without limitation, the rate of interest, shall be authorized by a two-thirds vote of the town meeting. In no event shall the term of such borrowing be in excess of ten years. The principal and interest of notes or bonds issued hereunder shall be paid from the proceeds of the sale of burial rights in such manner as the said trustees of said cemetery may determine, with the approval of the board of selectmen, but in no case may any portion of such payment be effected by appropriation from the tax levy.
SECTION 3. The proceeds of such borrowing shall be expended only for such purposes as defined in section one and as authorized by a two-thirds vote of town meeting.