Payments of Certain Capital Costs Made by a Withdrawing Town. Money received by the District from the withdrawing town for payment of funded indebtedness or interest thereon shall be used only for such purpose and until so used shall be deposited in trust in the name of the District with a Massachusetts bank or trust company having a combined capital and surplus of not less than $5,000,000.
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Samples: Regional District Agreement, School District Legal Status, Agreement Among the Towns of Huntington, Middlefield, Montgomery, Russell, Worthington, Chester and Blandford, Massachusetts With Respect to the Formation of a Regional School District
Payments of Certain Capital Costs Made by a Withdrawing Town. Money received by the District from the withdrawing town for payment of funded indebtedness or interest thereon shall be used only for such purpose and until so used shall be deposited in trust in the name of the District with a Massachusetts bank or trust company having a combined capital and surplus of not less than $5,000,000District.
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Samples: Agreement Between the Towns of Dighton and Rehoboth Regarding the Formation of a Regional School District, Regional Agreement, Berkshire Hills Regional School District Agreement
Payments of Certain Capital Costs Made by a Withdrawing Town. Money received by the District from the withdrawing town for payment of funded indebtedness or interest thereon shall be used only for such purpose and until so used shall be deposited in trust in the name of the District District. with a Massachusetts bank or trust company having a combined capital and surplus of not less than $5,000,000.
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Samples: Amended Agreement
Payments of Certain Capital Costs Made by a Withdrawing Town. Money received by the District from the withdrawing town for payment of funded indebtedness or interest thereon shall be used only for such purpose and until so used shall be deposited in trust in the name of the District with a Massachusetts bank or trust company having a combined capital and surplus of not less than $5,000,0005,000,000.00.
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Samples: Formation Agreement
Payments of Certain Capital Costs Made by a Withdrawing Town. Money received by the District from the withdrawing town for payment of funded indebtedness or interest thereon shall be used only for such purpose and until so used shall be deposited in trust in the name of the District with a Massachusetts bank or trust company having a combined capital and surplus of not less than $5,000,000.
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