A N A C T
RELATING TO THE CHARLESTOWN FIRE DISTRICT
Introduced By: Senators Walsh and Sosnowski
It is enacted by the General Assembly as follows:
SECTION 1. Section 6 of "An Act to Incorporate the Charlestown Fire District passed at the January Session, A.D. 1974, as amended," is further amended to read as follows:
SECTION 6. Said Charlestown fire district shall have power to borrow money and issue its promissory notes for the same but said borrowings or debt outstanding at any one time shall not exceed the sum of
seven hundred fifty thousand ($750,000) one million five hundred thousand ($1,500,000) dollars; and said borrowings shall be authorized at any annual or special meeting of said district and shall provide the maturities of any borrowing and the officer or officers of said district who shall issue and sign any promissory note or notes of said district and the rate of interest on any such note or notes.
SECTION 2. This act shall take effect upon passage.