Common use of Incurring of Debt Clause in Contracts

Incurring of Debt. The District School Committee may vote to incur debt consistent with the terms and conditions of G.L. chapter 71, section 16. At the time of taking action to incur debt, and except for the incurring of temporary debt in anticipation of revenue, the District School Committee by a majority vote will choose either the process that appears in subsection (d) of chapter 71, section 16, or the process that appears in subsection (n) of chapter 71,

Incurring of Debt. The District School Committee may vote to incur debt consistent with the terms and conditions of G.L. chapter 71, section 16. A vote to incur debt must be by a 2/3 weighted vote [MGL C71, S14D). At the time of taking action to incur debt, and except for the incurring of temporary debt in anticipation of revenue, the District School Committee by a majority vote will choose either the process that appears in subsection (d) of chapter 71, section 16, or the process that appears in subsection (n) of chapter 71,, section 16.

Incurring of Debt. The District School Committee may vote to incur debt consistent with the terms and conditions of G.L. chapter 71, section 16. At the time of taking action to incur debt, and except for the incurring of temporary debt in anticipation of revenue, the District School Committee by a majority two-thirds vote will choose either the process that appears in subsection (d) of chapter 71, section 16, or the process that appears in subsection (n) of chapter 71,, section 16.