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 act authorizes the town of Narragansett to sell bonds or notes, not exceeding $3 million, to pay for equipping, expanding, improving, and renovating its fire stations. It outlines how the bonds can be structured, how the money must be spent, and requires the town to set aside funds—potentially through property taxes—to repay the debt. The town can also issue short‑term notes or take advances while waiting for bond proceeds.

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