| | Emergency preamble. Whereas, Acts of the | Legislature do not become effective | until 90 days after | adjournment unless enacted as | emergencies; and |
|
| | Whereas, the Winterport Water | District urgently needs to increase its | borrowing capacity to meet | the needs of the | district; and |
|
| | Whereas, in the judgment of the | Legislature, these facts create an | emergency within the meaning | of the Constitution of Maine and | require the following | legislation as immediately | necessary for the | preservation of the public peace, health | and safety; now, | therefore, |
|
| Be it enacted by the People of the State of Maine as follows: |
|
| | *Sec. A-1. P&SL 1969, c. 94, §14, first ¶, as | amended by P&SL 1983, c. 31, §1, is | further amended to read: |
|
| | Sec. 14. Authority to borrow money. For | accomplishing the purposes of this Act, | the water district, through | its trustees, without vote of | the inhabitants, is authorized | to borrow money temporarily | and to issue therefor the | negotiable notes of the | district, for the purpose of | refunding the indebtedness so | created, for paying any | necessary expenses and | liabilities incurred under the | provisions of this Act, including | the expenses incurred in the | creation of a district, | in acquiring the properties | and franchises of the | Winterport Water Company by purchase | or otherwise, of assuming | and paying all mortgages, liens | and encumbrances | thereon as provided in | sections 10 and 11, of | securing sources of supply, | taking water and land, paying | damages, laying pipes, | constructing, maintaining and operating | a water plant and making | renewals, extensions, additions | and improvements to the same, | and protecting the watershed, | to an amount or amounts | necessary in the judgment of the | trustees therefor, | provided the total | indebtedness shall may not exceed the | sum of $800,000 $1,200,000 at | any one time outstanding. |
|
| | Sec. B-1. P&SL 1969, c. 94, §14, as amended | by P&SL 1983, c. 31, §1, is further | amended by adding at the end the | following new paragraphs to | read: |
|
| | Notwithstanding the limitations on total indebtedness established in this section, the trustees may propose a new debt | | |
|
|