AN ACT AUTHORIZING THE TOWN OF NARRAGANSETT TO FINANCE THE EQUIPPING, EXPANSION, IMPROVEMENT AND RENOVATION OF FIRE STATIONS IN THE TOWN OF NARRAGANSETT AND TO ISSUE NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR

Summary

The town is authorized to sell bonds and short‑term notes, not exceeding $3 million, to finance the equipping, expansion, improvement, and renovation of its fire stations. Proceeds must be used for those projects, repayment of the bonds/notes, or advances made by the town. The town will repay the debt through annual appropriations and, if needed, ad valorem taxes.

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