12/21/1987 BOARD OF SELECTMEN Minutes

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Thereupon, after full discussion and upon motion duly • made and seconded, it was unanimously VOTED: That the action taken by the Town Treasurer in advertising for public sale $4,250, 000 Municipal Purpose Loan of 1987 Bonds (the "Bonds") of the Town duly authorized, all as more particularly described below, be and hereby is ratified, confirmed, approved and adopted; That the Bonds shall be dated as of December 15, 1987, shall mature on December 15 in each year, shall be in the denomination of $1,000 or any authorized multiple thereof, and shall be numbered consecutively, and subject to the provisions of this vote, shall be in such form as at least a majority of the Selectmen and the Treasurer shall determine or approve, by their execution of the Bonds; . That the Bonds shall originally be issued by means of a book entry system evidencing ownership of the Bonds; That the Bonds shall be a consolidated issue of Bonds composed of (i ) $3,910,000 School Bonds authorized by Section 7(3) of Chapter 44 of the Massachusetts General Laws, as amended and supplemented ( "Chapter 44" ) , and by vote of the Town duly adopted under Article 9 ($7,600,000) at the 1987 Annual Town Meeting, maturing $391,000 in 1988 to 1997,• inclusive, and (ii) $340,000 Library Bonds authorized by Section 7 of Chapter 44, and by vote of the Town duly adopted under Article 59 ($380, 000) at the 1985 Annual Town Meeting, maturing $34, 000 in 1988 to 1997, inclusive; That State Street Bank and Trust Company, in Boston, Massachusetts, shall certify the Bonds as to genuineness and in the event of failure or termination of the book entry system, shall act as Bond Registrar, Transfer Agent and Paying Agent, therefor; That the Bonds maturing in each respective year shall bear interest payable on June 15 and December 15 in each year, commencing June 15, 1988, at the respective rates per annum as follows: - 2 -