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qL <br /> A <br /> i <br /> MASHPEE, TOWN OF .w----SPECIAL <br /> w---- E I1 L FUND <br /> AN ACT AUTHORIZING THE 'I'oWN of MA H EE TU ESTABLISH A SPECIAL <br /> FUND FOR THE PAYMENT -OF AC UMULATE , UNUSED SICK LEAVE GRANTED <br /> PURSUANT30 COLLECTIVE BARGAINING AGREEMENTS ENTERED INTO BY THE <br /> TOWN. <br /> Be it en acted., etc. , as follows <br /> SECTION L. The Town of Mashpee is hereby authorized to ' <br /> establish . a separate fund and t ppropriate in. any one <br /> year an amount of money not exceeding one per cent of <br /> the amount. raised in the preceding year by taxation of real <br /> and personal property for the- purpose of fnding said separate <br /> fund fore .e purpse of- paying accumulated, unused sick leave <br /> to town y - 'pursuant to collective bargaining agreements. <br /> Any . interest . earned on r u h onies shill a do to and I corn <br />' part of -said separate fund-. <br /> SECTION 2. The treasurer 'of the Town of Mashpee sahl l be <br /> the custodian of such separate fund and may deposit - the pro- <br /> 'ceeds in national hanks, or invest the proceeds by deposit in <br /> savings- banks,, co-operative banks o trust on pan es , organized <br /> n der the -laws of the commonwealth, or invest the same in such <br /> securities as are legal fot the inV stm nt o.f funds of savings <br /> banks under .the law8 of the commonwealth', or in -federal ' sw Ings' <br /> and loan associations{ situated in 'the commonwealth. <br /> SECTION 3 , This act shall .take - of f e t upon... its passage. <br /> RL <br /> w <br />