Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The mayor of the city of Waltham is hereby authorized to appoint a committee, consisting of not less than five members, who shall be residents of said city, to devise ways and means of celebrating the two hundred and fiftieth anniversary of the city of Waltham, and to make all arrangements in connection with the celebration thereof. The mayor shall designate one of said members as general chairman and another as treasurer of said committee. The treasurer shall deposit all receipts of the committee in the special revolving fund as provided in section three. Said treasurer shall give bond for the faithful performance of his duties in such form and in such amount as the mayor may determine. The committee shall elect from its membership a secretary. Said committee may expend for the aforesaid purposes such sums as it deems necessary, including the expenses for stationery, advertising, and stenographic services. The members of said committee shall receive no compensation for their services. Said committee is hereby authorized to receive donated grants, contributions, and other monies in carrying out the purposes of this act.
SECTION 2. The city of Waltham is hereby authorized to appropriate such sums as it may determine to be necessary to carry out the purposes of this act.
SECTION 3. Notwithstanding the provisions of section fifty-three of chapter forty-four of the General Laws, the city of Waltham is hereby authorized to establish in its treasury a special revolving fund in which shall be deposited any and all appropriations, receipts, contributions, grants, and other monies of the committee established to celebrate the two hundred and fiftieth anniversary of the city of Waltham. Said funds shall be kept separate by the city treasurer from any other money, funds, or property of the city of Waltham, and the principal and interest thereof shall, from time to time, by authorization of the majority of the committee established by this act, be expended without further appropriation for the purposes of said celebration in the year of such celebration and in the year preceding or succeeding such celebration. All such funds shall be fully accounted for by said committee to the city council of the city of Waltham at the end of each fiscal year while such fund is in existence and after such celebration is concluded. Any surplus remaining in said special revolving fund after such celebration is concluded, shall be transferred into the treasury of the city of Waltham.
SECTION 4. This act shall take effect upon its passage.