such amount or amounts, bearing interest at such rate or rates and |
having such terms and provisions as the board of trustees |
determines. Any such bonds, notes and evidences of indebtedness |
may be issued to mature serially or made to run for such periods as |
the board may determine. Bonds, notes or evidence of indebtedness |
may be issued with or without provision for calling the same prior |
to maturity and, if callable, may be made callable at par or at |
such premium as the board may determine. All bonds, notes or other |
evidences of indebtedness shall must be signed by the treasurer and |
countersigned by the chairman chair of the board of the district. |
All bonds, notes and evidences of indebtedness issued by the |
corporation shall be are legal obligations of the district, which |
is declared to be a quasi-municipal corporation within the meaning |
of the Maine Revised Statutes, Title 30 30-A, section 5053 5701. |
The provision that bonds, notes and evidences of indebtedness |
issued by the district shall be are legal obligations of the |
district shall may not be construed so as to prohibit the |
imposition by the district of fees and charges for the use of water |
and water service or fees and charges for fire regulation, |
prevention or fire fighting. Subject to the provisions of this |
section and in addition to the purposes set forth in this section, |
the district may, from time to time, issue in one series or in |
separate series its bonds, notes and other evidences of |
indebtedness for the purpose of paying, redeeming or refunding |
outstanding bonds, notes or evidences of indebtedness and each |
authorized issue shall constitute constitutes a separate loan. All |
bonds, notes and evidences of indebtedness issued by the district |
shall be are legal investments for savings banks in the State and |
the interest thereon on bonds, notes and evidences of indebtedness |
and any projects profits from the sale thereof shall be of bonds, |
notes and evidences of indebtedness are tax exempt. |