The above information may be revised and extended
each year with regard to capital improvements still pending or in
process of construction or acquisition.
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"Shall the Town vote to raise and appropriate
$__________ for _________________."
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Board of Selectmen Recommends
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(Yes/No)
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(# For / # Against)
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Budget Committee Recommends
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(Yes/No)
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(# For / # Against)
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"If this Article is defeated, the appropriation
for this Article shall be the amount approved at last year's Annual
Budget Referendum."
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If the article seeks to appropriate funds from
the Undesignated Fund Balance, the article shall be presented as prescribed
in this subsection except that the question shall read as follows:
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"Shall the Town vote to appropriate and expend
from the Undesignated Fund Balance $ ________________ for _________________."
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"Shall the Town of Wells Board of Selectmen
be authorized to issue bonds in a total amount not to exceed ___________
for the purpose of __________."
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Yes _____ No _____
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Board of Selectmen Recommends
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(Yes/No)
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(# For / # Against)
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Budget Committee Recommends
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(Yes/No)
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(# For / # Against)
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The municipal Treasurer shall prepare a signed
statement which shall be printed on or accompany each ballot. The
statement must set forth:
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(1)
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The total amount of bonds of the municipality
outstanding and unpaid; the total amount of bonds of the municipality
authorized and unissued; the total amount of bonds of the municipality
contemplated to be issued if the project(s) submitted receive voter
approval; and the bonding limit of the municipality;
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(2)
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A brief and general description of each project
together with an estimate and explanation of costs involved including
varying interest rates, the estimated cost of interest on the bond
amount to be issued, the total cost of principal and interest to be
paid at maturity and any other substantive information relating to
the debt of the municipality as the Treasurer may deem appropriate;
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(3)
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A statement that the validity of the bonds and
of the voters' ratification of the bonds may not be affected by any
errors in the estimate made pursuant to Paragraph (2). If the actual
amount of the total debt service for the bonds varies from the estimate,
the ratification by the voters is nevertheless conclusive and the
validity of the bonds is not affected by reason of the variance; and
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(4)
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A listing of proposed revenue sources if the
bonds are to be financed, in whole or in part, by other than general
property taxes.
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