Chap. 0189 An Act to authorize the town of everett to issue scrip or bonus for the purpose of extending and improving its system of water supply.

Be it enacted, etc., as follows:

Section 1. The town of Everett, for the purpose of maintaining, enlarging and preserving its system of water
supply, is authorized to issue scrip or bonds to an amount not exceeding one hundred thousand dollars, to be denominated on the face thereof, Everett Water Loan, bearing interest at a rate not exceeding six per cent, per annum, payable semi-annually, and to become due and payable at such time or times, not exceeding thirty years from the time when the same are issued, as said town ma}' decide, with power to renew any of the same to become due within such period; and such scrip or bonds shall be signed by the treasurer of said town and be countersigned by the water commissioners thereof or a majority of them. The issue of scrip or bonds under this act shall be in addition to the amount authorized by chapter one hundred and forty-nine of the acts of the year eighteen hundred and ninety-one, and all provisions of said act shall apply to the bonds or scrip hereby authorized, except as herein otherwise provided.
Section 2.   This act shall take effect upon its passage.
Approved April 22, 1892.