Massachusetts General Laws ch. 44 sec. 61 – Penalty for refusal to issue bond in exchange for bearer instruments in sinking funds
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Section 61. A county, city, town, district or corporation which neglects or refuses to issue a bond, note or certificate in accordance with section fifty-two when requested so to do by the sinking fund commissioners of any city, town or district shall be subject to a penalty of not more than fifty dollars.
Terms Used In Massachusetts General Laws ch. 44 sec. 61
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.