AN ACT RELATIVE TO THE HILLCREST SEWER DISTRICT.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding any general or special law to the contrary, in addition to any other enabling authority, the Hillcrest Sewer District may issue bonds and notes in order to pay interest during construction and for up to 2 years after completion of its sewerage system, and for the payment of all other expenses as may be necessary or incidental to the construction of its sewerage system, the financing of such sewerage system and the placing of such sewerage system in operation. The maturities of any bonds or notes issued by the Hillcrest Sewer District may be arranged so that for each issue the amounts payable in the several years for principal and interest combined shall be as nearly equal as practicable in the opinion of the officers authorized to issue the bonds or notes, or, in the alternative, in accordance with a schedule providing for a more rapid amortization of principal.
SECTION 2. This act shall take effect upon its passage.