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. § 1761)
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§ 1761. Higher rates
If any municipal corporation has authorized bonds to bear interest at a rate of interest
not in excess of six percent prior to March 5, 1970, and any of such bonds remain
unsold on that date, the legislative branch of the municipal corporation may approve
an increase in the rate of interest of such authorized but unsold bonds and the increase
in such rate of interest is hereby declared to be legal and valid, and such municipal
corporation may issue such bonds which shall bear interest at the rate of interest
approved by the legislative branch which increased rate of interest is declared to
be legal and valid. (Added 1969, No. 177 (Adj. Sess.), § 2, eff. March 5, 1970.)