Chap. 0052 An Act authorizing the town of heath to borrow money for school purposes.

Be it enacted, etc., as follows:

Section 1. For the purpose of constructing an addition to a school building and originally equipping and furnishing the same, the town of Heath may borrow, from time to time, within a period of five years from the passage of this act, such sums as may be necessary, not exceeding in the aggregate ten thousand dollars, and may issue bonds or notes of the town therefor which shall bear on their face the words, "Heath School Loan, Act of 1949". Each authorized issue shall constitute a separate loan and such loans shall be paid in not more than twenty years from their dates. Indebtedness incurred under this act shall be in excess of the statutory limit and shall, except as herein provided, be subject to chapter forty-four of the General Laws, exclusive of the limitation contained in the first paragraph of section seven thereof.

Section 2.   This act shall take effect upon its passage.

Approved March 8, 1949.