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
010
:
BONDING AUTHORITY
(Cite as: 24 App. V.S.A. ch. 217, § 1001)
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§ 1001. Bonding authority
Said Village at an annual or at any special meeting called for that purpose is hereby
authorized and empowered to vote to borrow money for any of the purposes herein mentioned,
and to issue its notes and bonds therefor, and such notes or bonds shall be signed
by the trustees and countersigned by the Treasurer of said Village, and if interest
coupons are attached they shall be signed by the Treasurer and the bonds or notes
shall contain a statement that they were issued for the purposes mentioned and in
conformity with the provisions of this charter, and such statement shall be conclusive
evidence of the same, and of the liability of the Village to pay such notes or bonds
in an action by a person who in good faith holds such notes or bonds. The Village
Treasurer shall keep a record of every note or bond issued under the provisions of
this charter, therein stating the number and denomination of each note or bond, when
and where payable, to whom issued, and the rate of interest thereon, and also shall
keep a record of payments, interest, and principal, and if any coupons are taken up
shall deface the same.