| | Emergency preamble. Whereas, Acts of the Legislature do not become | effective until 90 days after adjournment unless enacted as | emergencies; and |
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| | Whereas, the charter of the Madawaska Water District makes | reference to a repealed section of law; and |
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| | Whereas, the charter makes reference to the Madawaska Water | District conducting referendum elections to increase the | district's debt limit; and |
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| | Whereas, the Madawaska Water District operates under a town | meeting form of government; and |
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| | Whereas, in order to allow the Madawaska Water District to | operate under its governing structure, it is necessary to amend | the charter; and |
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| | Whereas, in the judgment of the Legislature, these facts create | an emergency within the meaning of the Constitution of Maine and | require the legislation as immediately necessary for the | preservation of the public peace, health and safety; now, | therefore, |
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| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. P&SL 1953, c. 17, §11, first ¶, as amended by P&SL 1995, c. 75, §1, | is further amended to read: |
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| | For accomplishing the purposes of this act and for such other | expenses as may be necessary for the carrying out of said | purposes, said district, through its trustees, subject to the | provisions of the Maine Revised Statutes, Title 35-A, section | 6304 6310, is authorized to issue its notes and bonds in one | series or in separate series from time to time and to make | subsequent renewals of the same in whole or in part to an amount | not exceeding the sum of $1,500,000 outstanding at any one time, | unless the district obtains approval of the voters of the | district for a higher debt limit pursuant to this section. Said | notes and bonds are the legal obligation of said district, which | is hereby declared to be a quasi-municipal corporation within the | meaning of the Maine Revised Statutes, Title 30-A, section 5701, | as amended, and all provisions of said section are applicable to | those notes and bonds. The notes and bonds are a legal | investment for savings banks in the State of Maine, and are | exempt from all present taxes. The said district may refund and | reissue, subject to the provisions of the Maine Revised Statutes, | Title 35-A, section 6304, from time to time, any of its notes and | bonds and other evidence of indebtedness. Each bond or note must | have inscribed on its face the words "Madawaska |
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