Article 4. To see if the Town will vote to raise and appropriate a sum of money for the purpose of constructing a water storage tank and tower with piping connections to present mains and overflow and authorize and direct the Selectmen to accept on behalf of the town, for use in carrying out such project, a Federal grant of money pursuant to the Public Works Administration Appropriation Act of 1938; and authorize the Selectmen to construct said project and contract with respect thereto; and authorize the Town Treasurer with the approval of the Selectmen, to borrow such sums as may be necessary to meet any appropriation made and to use any other available funds that may be raised by taxation or appropriated for that purpose, or take any action relative thereto.
Voted: For the purpose of constructing a water storage tank and tower with piping connections to the present mains and overflow and to enable the town to secure the benefits of funds granted by the Federal Government under the Public Works Administration Appropriation Act of 1938, there be raised and appropriated the sum of $64,320 and the Town Treasurer and Collector of Taxes in his capacity as Town Treasurer with the approval of the Selectmen, be and hereby is authorized to borrow the sum of $36,000 and to issue bonds or notes of the town therefor, under authority of and in accordance with the provisions of Chapter 50 of the Acts of 1938, said bonds or notes to be payable in not more than twenty years at such term and maximum rate of interest as may be fixed by the Emergency Finance Board.
All moneys received by way of grant from the Federal Government on account of this project shall be applied first to meet the cost of construction thereof and any balance shall be applied to the payment of the loan herein authorized. The Selectmen are hereby authorized and directed to accept on behalf of the town, for use in carrying out such project, a Federal grant of money, pursuant to the Public Works Administration Appropriation Act of 1938; and the Selectmen are authorized to proceed with the construction of said project and to enter into all necessary and proper contracts and agreements in respect thereto, all subject to applicable Federal regulations; and the 26 Selectmen are authorized to do all other acts and things necessary or convenient for obtaining said grant, making said loan, and constructing said project.
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