AN ACT RELATIVE TO THE MATURITIES OF CERTAIN BONDS AND NOTES TO BE ISSUED BY THE TOWN OF RUTLAND.
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 treasurer and board of selectmen of the town of
Rutland may provide that the maturities of the bonds and notes authorized under
Article 1 of the warrant for the special town meeting held on March 7, 1996
shall be so arranged that for each issue the amounts payable on the several
years for principal and interest combined shall be as nearly equal as
practicable in the opinion of said treasurer and said board of selectmen or in
the alternative, in accordance with a schedule providing a more rapid
amortization of principal.
This act shall take effect upon its passage.