Annual Report of the Massachusetts Highway Commission, Volum 4

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Wright & Potter Printing Company, state printers., 1897
 

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Side 3 - To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled. The undersigned...
Side 87 - Loan, shall be countersigned by the governor, and shall be deemed a pledge of the faith and credit of the Commonwealth, and the principal and interest...
Side 89 - States or its equivalent; and said scrip or certificates of indebtedness shall be sold and disposed of at public auction or in such other mode and at such times and prices and in such amounts and at such rates of interest, not exceeding the rate above specified, as shall be deemed best.
Side 83 - ... condition as before shall be paid by the parties to whom the consent was given or by whom the work was done ; but a city or town shall have the right to dig up such state highway without such approval of the highway commission where immediate necessity demands it, but in all such cases such highway shall be at once replaced in as good condition as before, and at the expense of the city or town. Said commission shall give suitable names to the state highways, and they shall have the right to change...
Side 87 - ... scrip or certificates of indebtedness to an amount not exceeding three hundred thousand dollars, for a term not exceeding thirty years. Said scrip or certificates of indebtedness shall be issued as registered bonds or with interest coupons attached, and shall bear interest not exceeding four per cent, per annum, payable semi-annually on the first days of April and October in each year.
Side 78 - ... shall be filled by the governor with the advice and consent of the council. The members of said board may be removed by the governor with the advice and consent of the council for such cause as he shall deem sufficient, and shall express in the order of removal.
Side 87 - ... shall also be maintained for the purpose of extinguishing bonds issued under the authority of this act, and the treasurer and receiver general shall apportion thereto from year to year an amount sufficient with the accumulations of said fund to extinguish at maturity the debt incurred by the issue of said bonds. The amount necessary to meet the annual sinking fund requirements and to pay the interest...
Side 83 - ... the mayor and aldermen of a city or the selectmen of a town in which there is no such board.
Side 89 - For the purpose of meeting any expenses which may be incurred under the provisions of this act the treasurer and receiver general is hereby authorized, with the approval of the governor and council, to issue scrip or certificates of indebtedness to an amount not exceeding four hundred thousand dollars, for a term not exceeding thirty years.
Side 87 - ... shall apportion thereto from year to year an amount sufficient with the accumulations of said fund to extinguish at maturity the debt incurred by the issue of said bonds. The amount necessary to meet the annual sinking fund requirements and to pay the interest on said bonds shall be raised by taxation from year to year.

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