AN ACT AUTHORIZING THE CITY OF METHUEN TO REPAY THE BORROWING OF CERTAIN MONIES FOR A PERIOD OF UP TO 20 YEARS.
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 clause (11) of section 7 of chapter 44 of the General Laws or any other general or special law, rule, regulation or ordinance to the contrary, the city of Methuen may repay a debt incurred by the city council of the city of Methuen for payment in satisfaction of the final court judgment in the matter of DiLeo v. City of Methuen, Essex County Superior Court Civil Action No. ESCV 2008 – 01372 – C, over and during the course of a period of 20 years and upon such other terms as the mayor and the city treasurer determined at the time of such borrowing or may determine thereafter.
SECTION 2. This act shall take effect upon its passage.
Approved, June 30, 2010.