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Session Laws, 1927
Volume 569, Page 59   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 59

meet and pay the running expenses of the city, for the ensuing
current year beginning July 1st and ending on the following
June 30th; provided, however, that the said Commissioners
of Cambridge shall in no year levy for the running expenses
of the City more than seventy (70) cents on each $100 of
assessable property. The Commissioners of Cambridge shall
annually, at the same time, levy such additional sums of money
as shall be sufficient to pay (a) the interest due during said
year on all bonds and other indebtedness of the City of Cam-
bridge outstanding during said year, (b) the principal of
all serial bonds and indebtedness of the City of Cambridge
due during said year, and (c) an annual pro rata contribu-
tion to the sinking fund for all bonds and indebtedness of
the City of Cambridge not maturing serially, which sinking
fund shall be calculated so as to pay at maturity the principal
of all such bonds and indebtedness of the City of Cambridge
not maturing serially. The power and duty of the Commis-
sioners of Cambridge at all times to levy a sufficient sum of
money to pay principal and interest on all duly authorized
and outstanding bonds and other indebtedness of the City
of Cambridge shall be unlimited. The Commissioners of Cam-
bridge, in making the annual levies herein provided for, shall
do so item by item, specifying the departments of the city
for which the levy is made, and the amount to be expended
therein. They shall in the month of March in each and every
year by order noted in the minute book, and, a copy there-
of served upon the town clerk, treasurer and collector or
any other official receiving and collecting revenue for said
city, require the said official to make a final settlement with
the town clerk treasurer and collector, on or before the 30th
day of June following. And the said Commissioners shall
not expend any more money in any fiscal year than is re-
ceived by them from all sources of revenue, due and owing to
the said city. And any Commissioner or Commissioners vot-
ing to authorize such expenditure in excess of the amount
levied and received as aforesaid, shall be personally responsi-
ble for the payment of any sum or sums of money paid in
excess of the amount so levied and received.

SEC. 3. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and being
passed upon a yea and nay vote, supported by three-fifths of
all the members elected to each of the two Houses of the Gen-
eral Assembly, the same shall take effect from the date of its
passage.

Approved March 18, 1927.

 

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Session Laws, 1927
Volume 569, Page 59   View pdf image (33K)
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