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
001
:
INDEBTEDNESS GENERALLY
(Cite as: 24 V.S.A. § 1760)
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§ 1760. Bonds validated—Over five percent
Notwithstanding the interest rate limitation set forth in section 1759 of this title prior to April 14, 1969, if any municipal corporation has prior to that date authorized
bonds to bear interest at a rate of interest in excess of five percent, but not more
than six percent, the authorization so voted is hereby ratified and confirmed and
declared to be legal and valid, and such municipal corporation may issue such bonds
at a rate of interest not exceeding the rate stated in the vote authorizing the issuance
of the bonds. (Added 1969, No. 58, § 4, eff. April 14, 1969.)