The power may be exercised in cities by a 2/3 vote of the city councils. It may be exercised by the selectmen of towns and the governing boards of districts without vote of the voters in town or district meeting. Provided, that no sum in excess of $100,000 shall be so borrowed without vote of the city, town, or district.
Source. 1925, 1:1. PL 42:11. RL 51:11. 2003, 289:3, eff. Sept. 1, 2003.