Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The county commissioners of Norfolk county are hereby authorized to raise and expend a sum not exceeding four hundred and ten thousand dollars for the preparation of plans and specifications for the repair, renovation, construction, equipping and furnishing facilities for the Norfolk county agricultural school. Said commissioners are hereby authorized to raise and expend a sum not exceeding seven million four hundred thousand dollars for the repair, renovation, construction and original equipping and furnishing of said facilities. Any sums received from the federal government for the purposes of this act shall be included in, and considered a part of, the total amount authorized to be expended hereunder.
SECTION 2. For the purpose authorized by section one the treasurer of Norfolk county, with the approval of the county commissioners and the advisory board on county expenditures, may borrow upon the credit of said county such sums as may be necessary, not exceeding, in the aggregate, seven million eight hundred ten thousand dollars; and, may issue bonds or notes of the county therefor, which shall bear on their face the words Norfolk County Agricultural School Loan, Act of 1995. Each authorized issue shall constitute a separate loan, and such loans shall be payable in not more than twenty years from their dates. The bonds or notes shall be signed by said county treasurer and countersigned by a majority of said county commissioners. Said county may sell said securities at public or private sale, upon such terms and conditions as said county commissioners may deem proper, but not for less than their par value. Indebtedness incurred hereunder shall, except as herein provided, be subject to chapter thirty-five of the General Laws.