Chap. 0138  An Act to authorize the lenox water company to issue additional water bonds.

Be it enacted, etc., as folloivs:

Section 1. Section two of chapter one hundred and ninety-eight of the acts of the year eighteen hundred and eighty-seven is hereby amended so as to read as follows: - Section 2. Said corporation may for the purposes aforesaid hold real and personal estate not exceeding in amount sixty-five thousand dollars; and the whole capital stock shall not exceed seventy-five thousand dollars, to be divided into shares of one hundred dollars
each ; and said corporation may issue bonds bearing interest at a rate not exceeding six per centum per annum, and secure the same by a mortgage on its franchise and other property to an amount in all not exceeding its capital stock actually paid in and applied to the purposes of its incorporation.
Section 2.   This act shall take effect upon its passage.
Approved March 28, 1S00.