AN ACT AUTHORIZING THE TOWN OF TISBURY TO INCUR DEBT FOR THE PURPOSE OF REMOVING OVERHEAD UTILITIES AND REPLACING THE SAME WITH UNDERGROUND FACILITIES.
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. The town of Tisbury may incur debt, outside the limit of indebtedness prescribed in section 10 of chapter 44 of the General Laws, for the purpose of removing or causing to be removed poles, overhead wires and associated overhead structures used in connection with the provision of public utilities and which are located upon, along or across public ways within the town and replacing the same with underground facilities. Any debt incurred pursuant to this act shall be repaid over a term of not more than 20 years. Any debt incurred hereunder shall otherwise be subject to said chapter 44.
SECTION 2. This act shall take effect upon its passage.