Chap. 0068 An Act authorizing the town of bernardston to borrow money for school purposes.

Be it enacted, etc., as follows:

Section 1. For the purpose of constructing and originally equipping and furnishing a consolidated school building, the town of Bernardston 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 one hundred thousand dollars, and may

issue bonds or notes of the town therefor, which shall bear on their face the words, "Bernardston 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 21, 1949.