02/27/1984 Special Town Meeting - Laserfiche WebLink

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or without coupons, exchangeable for definitive bonds when such. bonds have been executed and are available for delivery, The. Authority may also provide for the replacement of any bonds which shall become multilated or shall be destroyed or lost. Bonds may be issued by the Authority under the provisions o this act without obtaining the consent of any department, division, commission, board, bureau or agency of the commonwealth, and without any other proceedings or the happening of any other conditions or things than those proceedings, conditions or things which are specifically required by this act. The Authority is hereby authorized to provide by resolution for the issuance of refunding bonds of the Authority for the purpose of refunding any bonds that are outstanding and issued under the provisions of this act, including payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds. The issuance of such bonds, the maturities and other details thereof, and the duties of the Authority in respect to the same, shall be governed by the provisions of this act in so far as the same may be applicable. While any bonds issued by the Authority remain outstanding, the powers, duties or existence of the Authority shall not be diminished or impaired in any way that will affect adversely the interests and rights of the holders of such bonds. Section 7 . The Authority, in each instance with the written approval of the Selectmen of the town of Mashpee, may enter .into agreements with the federal or state governments relative to the acceptance or borrowing, of funds for any project . The Selectmen of the town of Mashpee are hereby designated as the governing body of the town for such approval of a project as may be required by federal or state legislation. Section S . The town of Mashpee may raise and appropriate, or incur debt, or agree with the Authority or with the federal or state governments to raise and appropriate or incur debt, in aid of the Authority, such sums as may be necessary for defraying all of the development, acquisition, and operating costs of a community center within the town of Mashpee. Such debt may be outside the limit of indebtedness prescribed in section ten of chapter forty•-four, and shall be payable within twenty hears and otherwise subject to sections sixteen to twenty--seven, inclusive, of said chapter forty-four; provided, that the total. amount of ,such indebtedness of the town of Mashpee outstanding at any one time shall not exceed five per cent of the equalized valuation of the town of Mashpee, reduced and otherwise determined as provided in section ten of chapter forty-four. Section 9 . This act shall take effect upon its passage. RECEIVED 1