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 any general or special law to the contrary, the city of Leominster is hereby authorized to borrow such sums as may be necessary, not exceeding, in the aggregate, three million nine hundred thousand dollars, and may issue bonds or notes of the city therefor, for the purposes of: renovating a certain city owned building known as the May A. Gallagher junior high school building, located in said city of Leominster so as to make it suitable for use as a courthouse and municipal offices, and lease to any other public entities or private persons; renovating a certain city owned building located in said city of Leominster to accommodate the Leominster police department; to renovate the roof at the South East elementary school building, and for architectural fees for a new elementary school. Each authorized issue of bonds and notes shall constitute a separate loan and shall be payable in not more than twenty years from their dates. Indebtedness incurred under this act shall, except as provided herein, be subject to the applicable provisions of chapter forty-four of the General Laws.
SECTION 2. Notwithstanding the provisions of any general or special law to the contrary, the chief administrative justice of the trial court with the approval of the chief justice of the supreme judicial court and the commissioner of the division of capital planning and operations and the mayor of the city of Leominster, with the approval of the city council, are hereby authorized to enter into a lease by which a portion of said May A. Gallagher junior high school building may be used as a courthouse for the Leominster division of the district court department of the trial court. The lease entered into shall, except as provided herein, be subject to the applicable provisions of section four of chapter twenty-nine A of the General Laws. The mayor of said city of Leominster, with the approval of the city council, is also hereby authorized to lease to any other public entities or private persons any space within said building not being utilized for the foregoing purposes. Notwithstanding the provisions of any general or special law to the contrary, proceeds received by said city of Leominster pursuant to any of said leases, together with funds so appropriated annually by said city of Leominster, shall be applied to the payment of the indebtedness incurred and costs of maintaining the premises.
SECTION 3. Notwithstanding the provisions of any general or special law to the contrary, the maturities of bonds or notes issued by the city of Leominster authorized under section one shall either be arranged so that for each issue the annual combined installments of principal and interest payable in each year be as nearly equal as practicable in the opinion of the city treasurer and the city council, or shall be arranged in accordance with a schedule providing for a more rapid amortization of principal.
SECTION 4. This act shall take effect upon its passage.