The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
FORM AND NATURE OF BONDS AND NOTES
(Cite as: 10 V.S.A. § 636)
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§ 636. Pledge of the State
The State does hereby pledge to and agree with the holders of the notes and bonds
issued under this chapter that the State will not limit or restrict the rights hereby
vested in the Agency to perform its obligations and to fulfill the terms of any agreement
made with the holders of its bonds or notes or in any way impair the rights and remedies
of the holders until the notes and bonds, together with interest thereon, and interest
on any unpaid installments of interest, are fully met, paid and discharged. The Agency
is authorized to execute this pledge and agreement of the State in any agreement with
the holders of the notes or bonds. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April 11, 1974.)