Section 9. Such boards shall make reports of their respective doings and detailed statements of all receipts, expenditures and liabilities for the preceding financial year, in towns at the annual town meetings and at such other times as the town directs, and in cities to the city council annually within thirty days after the end of the financial year.

Terms Used In Massachusetts General Laws ch. 45 sec. 9

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.