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.
(Cite as: 11 V.S.A. § 930)
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§ 930. Borrowing scrip by municipal corporations
All municipal corporations whether incorporated by special act or under general law
may borrow scrip from the issuing corporation upon their promissory notes payable
both principal and interest in scrip within one year, but not to an amount in any
one year greater than one-half the taxes voted or assessed during such year. When
such notes are paid, scrip to the amount of such payments shall be retired and not
reissued unless against new security.