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Simple English definitions for legal terms

town-bonding act

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A quick definition of town-bonding act:

A town-bonding act is a law that allows a town or other local government to borrow money by issuing bonds. This money is usually used to help pay for big projects, like building new roads or railways. It's like taking out a loan, but instead of going to a bank, the town can borrow money from people who buy the bonds.

A more thorough explanation:

Town-Bonding Act

A law that allows a town, county, or other municipal corporation to issue corporate bonds to help fund construction projects, such as building railroads.

One example of a town-bonding act is the New York State Town Law, which authorizes towns to issue bonds to finance public works projects, such as building roads and bridges.

Another example is the Municipal Bond Act of 1911, which allowed municipalities in California to issue bonds to fund public improvements, such as water and sewer systems.

The examples illustrate how town-bonding acts allow municipalities to raise money for construction projects by issuing bonds. These bonds are essentially loans that investors can buy, and the municipality pays back with interest over time. By using bonds, municipalities can fund large projects that they might not be able to afford otherwise, such as building a new highway or water treatment plant.

town | town clerk

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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