To any Constable or Justice of the Peace of the Town of Bridgewater, in the County of Plymouth,.....GREETINGS:

In the name of the Commonwealth you are hereby directed to notify and warn the Inhabitants of the Town of Bridgewater qualified to Vote in Election and Town Affairs, to meet at the:

WALTER S. LITTLE AUDITORIUM
BRIDGEWATER-RAYNHAM REGIONAL HIGH SCHOOL
166 MT. PROSPECT STREET, BRIDGEWATER, MA 02324
TUESDAY, APRIL 16, 2002
AT 7:00 P.M.

ARTICLE 1. To see if the Town will vote to appropriate and transfer the sum of $220.00 from Account #1-693-102-5794, Historic District Commission General Expenses and Services to Account #1-693-101-5116, Historic District Commission P/T Clerical Salary for additional clerical salary costs due to more meetings than anticipated, or to take any other action relative thereto.

Article submitted by the Historic District Commission.

ARTICLE 2. To see if the Town will vote to appropriate and transfer the sum of $7,694.73 from Account #1-254-3590, Free Cash to Account

#1-161-101-5114, Town Clerk General Salaries to cover the cost of the Annual Town Election and all future Town Meetings for fiscal year 2002, or to take any other action relative thereto.

Article submitted by the Town Clerk.

ARTICLE 3. To see if the Town will vote to appropriate up to $2,950,000.00, for the purpose of planning, developing, constructing and equipping a new municipal clubhouse at the existing municipal golf course;that to meet this appropriation the Treasurer with the approval of the Selectmen is authorized to borrow up to $2,950,000.00 under Chapter 44 of the General Laws or any other enabling legislation, provided that no debt be borrowed under this vote until enactment of the special legislation authorized by this vote; that the Selectmen are authorized to petition the General Court for special legislation in such form as they deem appropriate to enable the Town to issue bonds payable on a level debt service basis with a maximum term of up to thirty (30) years from their dates, and to defer principal payments and capitalize interest up to one year after the expected commencement of the operation of the clubhouse, and that the Board of Selectmen is authorized to take all other action necessary to carry out the project; or to take any other action relative thereto.

Article submitted by the Olde Scotland Links Golf Commission.

Be it enacted, etc., as follows:

SECTION 1. Notwithstanding the provisions of chapter forty-four of the General Laws to the contrary, the maturities of bonds issued by the Town of Bridgewater for the planning, development and construction of improvements to and equipping of its municipal golf course, including a clubhouse and related structures, either shall be arranged so that for each issue the annual combined payments of principal and interest payable in each year, commencing with the first year in which a principal payment is required, shall be as nearly equal as practicable in the opinion of the town treasurer, or shall be arranged in accordance with a schedule providing for a more rapid amortization of principal. The first payment of principal of each issue of bonds shall be not later than one year from the estimated date of completion of the clubhouse or other improvements to the golf course being financed with the proceeds of such bonds, as determined by the town treasurer, and the last payment of principal shall be not later than thirty years from the date of the bonds. Project costs to be financed by the issue of the bonds may include interest incurred on the bonds and any bond anticipation notes for a period of up to two years after the date of the original borrowing or, if later, one year after the estimated date of completion of the clubhouse or other improvements to the golf course, as determined by the town treasurer. The town may create and maintain, from bond proceeds or other sources of funds, such reserve, replacement, maintenance and improvement funds in connection with the golf course as it may deem necessary and prudent, provided, however, that the aggregate of such funds provided from bond proceeds for the clubhouse project or other improvement project shall not exceed ten percent of the principal amount of the bonds issued for such project. Any net earnings derived from investment of the proceeds of the bonds may be expended by the town treasurer to pay interest on the bonds but otherwise shall be used only for construction, equipping, operation or maintenance of the golf course. Except as otherwise provided in this act indebtedness incurred by the town for the golf course project shall be subject to the applicable provisions of said chapter forty-four.

SECTION 2. The vote of the town passed under article 3 of the town meeting held on April 16, 2002, authorizing bonds for planning, developing, constructing and equipping a clubhouse, is hereby ratified and confirmed. Proceeds of the bonds issued in accordance with section one of this act may be used to refund any bond anticipation notes previously issued for the planning and other preliminary expenses relating to the clubhouse project.

SECTION 3. This act shall take effect upon its passage.

And you are hereby directed to serve this warrant by posting attested copies thereof as directed by the By-Laws of the Town, at least fourteen (14) days before the time of holding the aforesaid Meeting.

HEREOF FAIL NOT, and make due return of this Warrant, with your doings thereon, to the Town Clerk at the time and place of meeting aforesaid.

GIVEN under our hands and seals this 1^st Day of April, 2002.

__________________________________
Gerald P. Chipman, Chairman

__________________________________
James A. Nihan, Clerk

A True Copy Attest: