Town of Northbridge, MA Chapter 198 Treasury Warrants and Tax Anticipation Notes

[HISTORY: Adopted by the Board of Selectmen of the Town of Northbridge 10-19-1987. Amendments noted where applicable.]

§ 198-1 Treasury warrants.

A. The Town Accountant shall put a signed and dated coverage note on payroll and billing warrants indicating:

(1) That all items are in order and he approves them for payment; or

(2) That all items appear to be order except for those listed on which he:

(a) Specifically wants Selectmen's advice;

(b) Will check further;

(c) Has rejected and why; or

(d) All are in order, but it is appropriate to call certain items, such as potential overdrafts or unusual expenditures, to the Selectmen's attention.

B. Bills payable warrants shall be presented at the Selectmen's office on Mondays for their approval and signature.

§ 198-2 Tax anticipation notes.

The Town Treasurer shall present at least three separate quotations of interest rates to the Board prior to its authorizing the acquisition of tax anticipation notes. The Town Accountant shall be requested to make comments on tax anticipation notes.