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
009
:
BONDED INDEBTEDNESS
(Cite as: 24 App. V.S.A. ch. 251, § 901)
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§ 901. Bonding for water and sewer systems and light plant
The Village at an annual or special meeting called for that purpose, is hereby authorized
and empowered to borrow money for any of the purposes herein mentioned, including
the construction and establishment of a water system, sewer system, and light plant,
and to issue notes and bonds therefor, and such notes or bonds shall be signed by
the Board of Trustees and countersigned by the Treasurer of the Village, and payable
at times and in a manner as the Board may direct. However, no vote to borrow, or for
the issue of orders therefor, shall be taken at any meeting for which the purpose
is not specified in the warrants. Before the orders shall issue, a record thereof
shall be made in a book kept for that purpose by the Treasurer. (Amended 2015, No. M-13 (Adj. Sess.), § 2, eff. Feb. 24, 2016.)