An Act to Increase the Debt Limit of the Limerick Water District (AFTER DEADLINE)
Maine Legislature, Session 131, LD 1933
Committee: Energy, Utilities and Technology
Sponsors: WOODSOME, LIBBY

Legislative Document
No. 1933
H.P. 1241
House of Representatives, May 15, 2023
An Act to Increase the Debt Limit of the Limerick Water District
(AFTER DEADLINE)
(EMERGENCY)
Approved for introduction by a majority of the Legislative Council pursuant to Joint Rule 
205.
Reference to the Committee on Energy, Utilities and Technology suggested and ordered 
printed.
ROBERT B. HUNT
Clerk
Presented by Representative WOODSOME of Waterboro.
Cosponsored by Senator: LIBBY of Cumberland.
Emergency preamble.  Whereas, acts and resolves of the Legislature do not 
become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, this legislation must take effect before the expiration of the 90-day period 
in order to allow the Limerick Water District to make timely investments to provide water 
treatment; and
Whereas, in the judgment of the Legislature, these facts create an emergency within 
the meaning of the Constitution of Maine and require the following legislation as 
immediately necessary for the preservation of the public peace, health and safety; now, 
therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1.  P&SL 1957, c. 219, §10, as amended by P&SL 1997, c. 75, §§1 and 2, is 
further amended to read:
Sec. 10.  Authorized to borrow money, to issue bonds and notes.  For 
accomplishing the purposes of this act, and for such other expenses as may be necessary 
for the carrying out of said purposes, the district, through its trustees, without district vote, 
is authorized to borrow money temporarily and to issue therefor its negotiable notes, and 
for the purpose of renewing and refunding the indebtedness so created, of paying any 
necessary expenses and liabilities incurred under the provisions of this act, including 
organizational and other necessary expenses and liabilities whether incurred by the district 
or the Town of Limerick, the district being authorized to reimburse the Town of Limerick 
for any such expenses incurred by it, and in acquiring properties, paying damages, laying 
pipes, mains, aqueducts and conduits, constructing, maintaining and operating a water plant 
or system and making renewals, additions, extensions and improvements to the same, and 
to cover interest payments during the period of construction, the district, through its 
trustees, without district vote, is also authorized to issue, from time to time, bonds, notes 
or other evidences of indebtedness of the district in one series, or in separate series, in such 
amount or amounts, bearing interest at such rate or rates, and having such terms and 
provisions as the trustees shall may determine; provided except that the total indebtedness 
of the district at any one time outstanding may not exceed the sum of $1,000,000 
$2,000,000.  Said bonds, notes and evidences of indebtedness may be issued to mature 
serially or made to run for such periods as the trustees may determine, but none of them 
shall may run for a longer period than 40 years from the date of original issue thereof.  
Bonds, notes or evidences of indebtedness may be issued with or without provision for 
calling the same prior to maturity, and if callable may be made callable at par or at such 
premium as the trustees may determine.  All bonds, notes or other evidences of 
indebtedness shall must have inscribed upon their face the words "Limerick Water 
District", shall and must be signed by the treasurer and countersigned by the chairman chair 
of the board of trustees of the district, and if coupon bonds are issued, the interest coupons 
attached thereto shall must bear the facsimile signature of the treasurer.  All such bonds, 
notes and evidences of indebtedness so issued by the district shall be are legal obligations 
of the district, which is hereby declared to be a quasi-municipal corporation within the 
meaning of the Revised Statutes of 1954, chapter 53, section 137, and chapter 90-A, section 
23, as enacted by the public laws of 1957, chapter 405, section 1, and all the provisions of 
said sections shall be are applicable thereto.  The said district may refund and reissue, from 
time to time, in one or in separate series, its bonds, notes and other evidences of 
indebtedness, and each authorized issue shall constitute constitutes a separate loan.  All 
bonds, notes and evidences of indebtedness issued by said district shall be are legal 
investments for savings banks in the State of Maine and shall be are tax exempt.
Notwithstanding any other provision of this section, the district, through its trustees, 
may issue bonds, notes or other evidences of indebtedness in amounts exceeding 
$1,000,000 $2,000,000 at any one time if a greater debt limit is established by referendum 
in accordance with the Maine Revised Statutes, Title 35-A, section 6413.  The district may 
not have outstanding at any one time bonds, notes or other evidences of indebtedness in 
amounts exceeding any debt limit established by referendum in accordance with Title 35-A, 
section 6413.
Emergency clause.  In view of the emergency cited in the preamble, this legislation 
takes effect when approved.
SUMMARY
This bill increases, from $1,000,000 to $2,000,000, the debt limit of the Limerick Water 
District.