20.069 An Order to Authorize Borrowing 640,000 for New Fire Truck
CITY OF NORTHAMPTON
MASSACHUSETTS
In City Council, June 18, 2020
Upon the recommendation of the Mayor
20.069 An Order to Authorize Borrowing $640,000 for New Fire Truck
Ordered, that
the sum of $640,000 is appropriated for a new fire truck, including payment of costs
incidental or related thereto; that to meet such appropriation the Treasurer with the approval of
the Mayor is authorized to borrow $640,000 under M.G.L.c. 44, §7(1), or pursuant to any other
enabling authority, and to issue bonds or notes of the City therefor; and that the Mayor is
authorized to take any other action necessary or convenient to carry out this project. Any
premium received by the City upon the sale of any bonds or notes approved by this order, less
any such premium applied to the payment of the costs of issuance of such bonds or notes, may be
applied to the payment of costs approved by this order in accordance with Chapter 44, Section 20
of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs
by a like amount.