TR-88-45 001 . RESOLUTION TR-88-45
A Resolution Authorizing the Town Treasurer to Borrow with the
3 Approval of the Temporary Town Manager In Anticipation of Revenues
' 004 WHEREAS, An emergency preamble has been adopted by the Town Council
005 so as to address the emergency which exists financially in the Town of Agawam;
006 and,
' 007 WHEREAS, It is in the best interests of the citizens of the Town
008, of Agawam for the Town Council to act to alleviate this financial situation;,
009 and,
' 010 NOW, THEREFORE, THE TOWN COUNCIL OF THE TOWN OF AGAWAM hereby votes
Oil to order that the Town Treasurer with the approval of the Temporary Town Manager
012 is hereby authorized to borrow in anticipation of revenues to be received
'013 during the fiscal year ending June 30, 1989 an amount not to exceed the limit
014 set forth in G. L.,Ch. 44, Section 4, to issue notes therefore payable in not
015 more than one year from their dates, and to refund notes issued for a shorter
'016 period by the issue of new notes payable in not more than one year from the
017 date of the original loans being refunded and. shall take effect- upon passage.
'018 DATED THIS Thirteenth DAY OF September 1988..
019 R ORDER OF AGAWAM TOWN COUNCIL
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020 nald M. Rheault,. President
'021 Agawam Town Council
022 APPROVED AS TO FORM
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02.3 4iithony C. Bonavita, Esq.
'024 Town Solicitor
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