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.
Appears in 6 contracts
Samples: Mohawk Trail Regional School District, Agreement, 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 $5,000,000District.
Appears in 3 contracts
Samples: School District Agreement, School District Agreement, www.rehobothma.gov
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.
Appears in 1 contract
Samples: sc.drregional.org
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.
Appears in 1 contract
Samples: School District Agreement
