HomeMy WebLinkAbout2758 Memorandum, Commonwealth of Massachusetts Treasury Department, concerning "legal form of Article of warrant...," September 10, 1894[Letterhead]
HENRY M. PHILLIPS,
TREASURER AND RECEIVER GENERAL.
Commonwealth of Massachusetts,
Treasury Department.
Boston, Sept. 10, 1894.
The following is respectfully suggested as a proper legal
form of Article of warrant and vote for towns to use in authorizing
temporary loans in anticipation of taxes. (See Chap.23 ,Acts of 1893,
and Chap. 221, Acts of 1891. )
ARTICLE To see if the town will authorize the treasurer, with
the approval of the board of selectmen, to borrow money in
anticipation of taxes.
VOTED That for the purpose of procuring a temporary loan to, and
for the use of, the Town of Lexington, in anticipation
of the taxes of the present municipal year, the town treasurer
is hereby authorized and directed to borrow, from time to time
with the approval of the board of selectmen, a sum or sums in
the aggregate amounting to 30.000 dollars, and to execute
and deliver the note or notes of the town therefor, payable within
one year from the time the loan in made, with interest thereon
debts incurred by a loan or loans to the town under this vote
at a rate not exceeding 5 per cent. per annum. Any debt or
debts incurred by a loan or loans to the town under this vote
shall be paid from the taxes of the present municipal year.