Chap. 0230 An Act authorizing the north raynham water district to refund certain indebtedness.
Be it enacted, etc., as follows:
Section 1. The North Raynham Water District, established by chapter four hundred and eighty-three of the acts of nineteen hundred and forty-nine, is hereby authorized to refund for a period not beyond November first, nineteen hundred and fifty-six, eight thousand dollars of an outstanding loan of ten thousand dollars borrowed on a note dated November first, nineteen hundred and fifty, and maturing November first, nineteen hundred and fifty-two, issued under chapter forty-four of the General Laws for the purpose of paying a part of the cost of construction of its water system, and to issue notes therefor which shall bear on their face the words North Raynham Water District Refunding Loan, Act of 1952.
Indebtedness incurred under this act shall be subject to the provisions of chapter forty-four of the General Laws pertaining to such districts.
Section 2.   This act shall take effect upon its passage.
Approved April 12, 1952.