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LEXINGTON CODE
<br />all books, documents and papers filed with said board and of the minute book or journal
<br />of said board;
<br />(c) with the approval of the board of selectmen, to make and execute all contracts and all
<br />other instruments necessary or convenient for the exercise of its power and functions,
<br />subject to approval of the town counsel of the town of Lexington as to form;
<br />(d) with the approval of the board of selectmen, to acquire or lease, by purchase or
<br />otherwise, and to own, hold and use, on such terms and conditions and in such manner
<br />as it may deem proper, and to exchange, grant options on, sell, transfer, convey, assign,
<br />lease, pledge, mortgage, encumber, grant liens on and security interests in, or otherwise
<br />dispose of, on such terms and conditions as it may deem proper, real, personal or mixed
<br />real and personal property or any interest, easements or rights therein, and any assets or
<br />revenues of said board, as may be necessary or appropriate to carry out its purposes;
<br />(e) with the approval of the board of selectmen, to enter into agreements or other
<br />transactions with the commonwealth or any political subdivision or public
<br />instrumentality thereof, the United States government or any federal, state or other
<br />governmental agency;
<br />(f) with the approval of the board of selectmen, to borrow money and to execute notes
<br />therefor which shall not be deemed to be debts or obligations of the town of Lexington,
<br />to hold mortgages, and to invest any funds held in reserve funds, or any funds not
<br />required for immediate disbursement in such investments as may be lawful for
<br />fiduciaries in the commonwealth. Said board shall have no stock;
<br />(g) with the approval of the board of selectmen, to enter into contracts or agreements with,
<br />and to employ from time to time contractors, architects, engineers, consultants,
<br />attorneys, accountants, construction, financial and other experts, superintendents,
<br />managers and such other agents and employees as may be necessary in its judgment and
<br />to fix their compensation;
<br />(h) with the approval of the board of selectmen, to receive and hold funds appropriated by
<br />the town and other funds, property, labor. and other things of value from any source,
<br />public or private, by gift, grant, bequest, loan or otherwise, either absolutely or in trust,
<br />and to expend or utilize the same on behalf of said board for any of its purposes or to act
<br />as an agent or conduit in administering or disbursing funds or financial or other aid from
<br />any source; provided, however, that all revenues collected or received by said board in
<br />connection with its activities, investments or transactions shall be expended only with
<br />the approval of the board of selectmen of the town of Lexington;
<br />(i) to appear in its own behalf before boards, commissions, departments or other agencies
<br />of government, municipal, state or federal;
<br />(j) to procure insurance against any loss in connection with the property or activities of said
<br />board, in such amounts, and from such insurers as it may deem necessary or desirable, _
<br />and, with the approval of the board of selectmen, to indemnify its members or agents if
<br />and to the extent specified from time to time in the by-laws of said board and subject to
<br />A201:42 10-01-2008
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