Thursday, December 30, 2010
On September 11, 1991, the Massachusetts state legislature approved Governor William Weld's emergency request to appoint a state receiver to take over the City of Chelsea's bankrupt municipal government "Chelsea, Mass facing state receivership". New York Times. September 6, 19912 , the first state-designed municipal receivership in U.S. history. Weld named Jim Carlin, a businessman and former
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