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election, to vote on the acceptance or rejection of this Part by | | voting on the following question: |
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| | | "Do you favor a $20,000,000 bond issue to stimulate economic | | growth and job creation through investments in the Maine | | economy in anticipation of approximately $44,000,000 in | | federal and private funds for medical research and | | development; marine research and development; equity | | investments in small Maine companies with potential for high | | growth; the New Century Community Program for capital | | improvements to cultural resources; the renovation of Camden | | Hall on the University of Maine Bangor campus for a graduate | | school for biomedical science; the development of the | | Laboratory for Surface Science Technology; capital costs and | | equipment for the career center facility at the University | | of Southern Maine's Lewiston-Auburn College; and the | | development of the Sunrise Business and Career Center in the | | Town of Jonesboro?" |
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| | | The legal voters of each city, town and plantation shall vote | | by ballot on this question and designate their choice by a cross | | or check mark placed within a corresponding square below the word | | "Yes" or "No." The ballots must be received, sorted, counted and | | declared in open ward, town and plantation meetings and returns | | made to the Secretary of State in the same manner as votes for | | members of the Legislature. The Governor shall review the | | returns and, if a majority of the legal votes are cast in favor | | of this Part, the Governor shall proclaim the result without | | delay, and this Part becomes effective 30 days after the date of | | the proclamation. |
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| | | The Secretary of State shall prepare and furnish to each city, | | town and plantation all ballots, returns and copies of this Part | | necessary to carry out the purposes of this referendum. |
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| | | Sec. E-1. Authorization of bonds. The Treasurer of State is | | authorized, under the direction of the Governor, to issue bonds | | in the name and on behalf of the State in an amount not exceeding | | $9,000,000 for the purposes described in section 6 of this Part. | | The bonds are a pledge of the full faith and credit of the State. | | The bonds may not run for a period longer than 10 years from the | | date of the original issue of the bonds. At the discretion of | | the Treasurer of State, with the approval of the Governor, any | | issuance of bonds may contain a call feature. |
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| | | Sec. E-2. Records of bonds issued kept by Treasurer of State. The Treasurer of | | State shall keep an account of each bond showing the number of | | the bond, the name of the successful bidder |
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