612 chapters · 23,756 sections of codified Massachusetts statutes.
Mass. Gen. Laws ch. 164A, § 15 Bonds and notes issued; payment; liability of city or town limited; exclusion from municipal debt for borrowing purposes
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Section 15. The bonds and notes issued under this chapter shall be payable solely from the funds provided therefor under this chapter, the liability of the city or town from other funds being limited to obligations undertaken by it to pay for the electricity used by it, and a sta…
Mass. Gen. Laws ch. 164A, § 16 Receipts of city or town under this chapter to be held and applied in trust
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Section 16. All moneys received by the city or town under this chapter shall be deemed to be trust funds to be held and applied solely as provided in this chapter.
Mass. Gen. Laws ch. 164A, § 17 Actions and proceedings upon bonds and notes
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Section 17. Any holder of bonds or notes issued under this chapter, or of any of the coupons appertaining thereto, and the trustee under a trust agreement or resolution securing the same, except to the extent the rights herein given may be restricted by such trust agreement or re…
Mass. Gen. Laws ch. 164A, § 18 Bonds and notes issued as legal investments
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Section 18. Bonds and notes issued under this chapter are hereby made securities in which all public officers and public bodies of the commonwealth and its political subdivisions, all insurance companies, trust companies in their commercial departments, investment companies, exec…