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.
(Cite as: 24 App. V.S.A. ch. 7, § 34)
-
§ 34. Pledge of credit
Whenever the legal voters of the City shall give authority to the Council thereof
to pledge the credit of the City for any purpose, the City shall have power and authority
to issue its negotiable orders, warrants, notes, or bonds, and to prescribe whether
such bonds shall be registered or have interest coupons attached, to the amount, not
to exceed the limit prescribed by law, for which the legal voters aforesaid shall
have given authority to so pledge the credit of the City. Such notes or bonds shall
be payable at such time and at such a rate of interest as shall be established by
said voters, or, if no time or rate of interest is fixed thereby, the same shall be
established by resolution of said Council.