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. § 1763)
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§ 1763. Specifications
The legislative branch shall determine the rate of interest or the manner of determining
the same, the date, the denominations, the time and place of payment, and the form
of bonds and notes to be used by the municipal corporation. The legislative branch
may provide that the bonds be sold on bids fixing the rate of interest or the manner
of determining the same from time to time for the period during which said bonds or
notes shall remain outstanding, and if so sold, the accepted bid shall fix the rate
of interest the bonds are to bear or the manner by which such rate of interest shall
be determined periodically. When bonds are to be registered they shall be registered
as provided by this chapter. (Amended 1985, No. 125 (Adj. Sess.), § 3, eff. April 18, 1986.)