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Exhibit M <br /> TOWN OF MASHPEE <br /> NOTES TO FINANCIAL STATEMENTS <br /> YEAR ENDED JUNE 30, 1979 <br /> either the normal debt limit or double debt <br /> limit. As of June 30, 1979, the Town of Mashpee <br /> has the following General Obligation Bonds <br /> outstanding: <br /> Samuel G. Davis School Bond - This issue <br /> requires principal payments of $6,000 a <br /> year and will be retired by 1982. <br /> Library Bond - This bond requires principal <br /> payments of $1,000 a year and is programmed <br /> to be retired by 1985 . <br /> i <br /> School Project Loan, Act of 1948 - This <br /> issue requires principal payments on <br /> February 1 in each fiscal year as follows:- <br /> $200,000 <br /> ollows:- <br /> $200,000 per year to 1980 inclusive; $195,000 <br /> 000 from 190d <br /> from 1981 to 1986 inclusive a n $ , <br /> 1987 to 1996 inclusive. <br /> School Planning Bonds - This issue requires <br /> principal payments on February 1 in each <br /> fiscal year as follows: <br /> j,j�4• <br /> $85,000 per year to 1980 inclusive; and �I <br /> jnlya,i a�hk!h <br /> $40,000 on February 1, 1981. <br /> School Bonds- This issue requires principal <br /> payments on February 1 in each year as follows: <br /> $15,000 per year to 1986 inclusive and $10,000 <br /> from 1987 to. 1996 inclusive. <br /> 6 { <br /> CHARLES E. DIPESA & CO,. BOSTON, MASS, (617) 423-3555 • <br />