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Section 47: Right To Establish Or Use

Section 47. No further sinking funds for the payment of debt shall be established by any city, town or district, but cities and towns shall contribute to every sinking fund established prior to May twenty-eighth, nineteen hundred and thirteen, and districts shall contribute to every sinking fund established prior to March twentieth, nineteen hundred and fifteen, until such sinking fund, with its accumulations, shall be sufficient to extinguish at maturity the debt for which it was established. This section shall not apply to Boston.

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Local Government
Massachusetts
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Charlie Baker
Charlie Baker
January 8, 2015 -
Republican
1-617-727-7030
One Ashburton Place, Room 1611, Boston, MA, 02108

Keywords
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