1987-TOWN MEETING RECORDS - GREEN

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ten days thereafter, file with the Town Clerk of said Town an attested copy of the instrument of acquisition and thereupon said real estate shall become and be part of the District and shall be holden under this act in the same manner and to the same extent as the real estate described in section one. SECTION 13. Nothing in this act shall authorize the District to supply water for domestic or other purposes to real estate being served with water by the High Wood Water Company, Inc., a private water company, or its assigns, on the effective date of this act, without first having acquired by purchase, gift, lease, contract or by eminent domain under chapter seventy-nine or chapter eighty A of the General Laws, rights to or ownership of such of the properties of said High Wood Water Company, Inc., or its assigns, which are on said date located within that area included in the District and which are served by said High Wood Water Company, Inc. or its assigns. In case of any dispute by High Wood Water Company, Inc., or its assigns, as to any real estate included in the District defined in section 1 of this act or as added by the provisions of section 12, the Department of Public Utilities, upon application of the District or of said High Wood Water Company, Inc., or its assigns, shall conduct a hearing and issue an order of determination to resolve the dispute. SECTION 14. The District may, for the purpose of creating a stabilization fund, appropriate in any fiscal year an amount not exceeding ten percent (10%) of the amount raised in the preceding fiscal year by taxation of real estate. Any interest accruing shall be added to and become a part of the fund. The stabilization fund may be appropriated at an annual meeting by a two-thirds vote for any purpose for which the District would be authorized to borrow money. SECTION 15. The District Assessors may create an overlay fund by adding to the amount to be assessed in accordance with Massachusetts General Laws, Chapter 59, Section 25. SECTION 16. The District may, by vote at a District Meeting, provide for the levy of special assessments to meet the whole or part of the cost thereafter incurred of laying pipes in public and private ways for the conveyance or distribution of water to its inhabitants, in accordance with the provisions Massachusetts General Laws, Chapter 40, Sections 42G, 42H, and 42I. SECTION 17. Upon acceptance of this act by the District at a meeting held in accordance with the provisions of Section 8 and a subsequent majority vote at the same meeting or a later meeting, and upon majority vote of a duly called Mashpee Town Meeting authorizing the same, all assets, liabilities, contractual rights, leases and obligations of the existing Water Department of the Town of Mashpee, shall be transferred to and assumed by the Mashpee Water District, and the existing Water Department of the Town of Mashpee shall be dissolved and cease to exist, notwithstanding any prior Mashpee Town Meeting acceptance of General Laws relating to water, water distribution systems, or in any way relating to the creation of a Town of Mashpee Water Department, election of Water Commissioners, or any other provision of law to the contrary. SECTION 18. Within one calendar year of acceptance of this act by District Meeting and Mashpee Town Meeting, the Water District shall