AN ACT RELATIVE TO CERTAIN BONDS OR NOTES OF NORTH SHORE REGIONAL VOCATIONAL SCHOOL DISTRICT.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding the provisions of any general or special
law to the contrary, the North Shore Regional Vocational School District may
issue bonds or notes, including temporary notes in anticipation of serial
bonds or notes, to an amount not exceeding $4,270,000 pursuant to the vote
adopted by the North Shore regional vocational school district committee on
December 6, 1990 in order to refund to that extent its notes presently payable
on July 3, 1997, or any notes issued to refund those notes. The first
principal payment on account of such bonds or notes shall not be later than
April 1, 1999 and the last such payment shall not be later than April 1,
2014. Except as otherwise provided herein, bonds and notes issued under this
act shall be subject to the provisions of chapter 44 of the General Laws,
exclusive of the second paragraph of section 21A of said chapter 44.
This act shall take effect upon its passage.