The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 24 Appendix : Municipal Charters
Chapter 005 : City of Montpelier
Subchapter 011 : INDEBTEDNESS; SINKING FUND; BONDS AND NOTES FOR IMPROVEMENTS
(Cite as: 24 App. V.S.A. ch. 5, § 1109)-
§ 1109. Bonds; maturities
All bonds issued under this subchapter shall be payable serially, the first payment to be deferred not more than five years after date of issue and subsequent payments to be continued annually in equal or diminishing amounts so that the entire debt will be paid in not more than 25 years from the date of issue or as may be otherwise permitted by law. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)
