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. § 1781)
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§ 1781. Change of coupon bonds to registered bonds
In case a municipal corporation shall have issued coupon bonds and the owner or holder
thereof has requested that such bonds be changed to registered bonds as herein provided,
then upon written request of such change, duly acknowledged, the treasurer of such
a municipal corporation, if directed by the city council of the city, selectboard
of the town, school directors of the town school district, or other corresponding
officers of the municipal corporation of which he or she is such treasurer, as the
case may be, shall cut off and destroy the coupons on the bonds presented for registration
and indorse upon the back of each of such bonds over his or her official signature
a certificate of registration in substantially the form prescribed by section 1782 of this title, inserting in the appropriate places the date of such registration, the name and
address of the registered holder, and his or her own signature as transfer agent.
Thereafter such bond shall be transferable only upon the books of such municipality
upon presentation to the treasurer thereof with a written assignment duly acknowledged
or proved.