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
006
:
EXECUTIVE DEPARTMENTS
(Cite as: 24 App. V.S.A. ch. 3, § 159)
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§ 159. Selection of official depositary
The Board of Finance shall, in the month of June 1994, and not less frequently than
once every three years thereafter, procure from chartered banks of known reliability
and sufficient capital their offers to act as depositary for the City monies, or for
specified portions thereof, and the terms upon which they will receive such monies,
and also the terms upon which they will furnish money upon such temporary and emergency
loans to the City, or specified portions thereof, as the City Council from time to
time may authorize. They shall by vote determine which of said offers, if any, they
accept, and appoint such bank or banks whose offer or offers are accepted, as depositary
or depositaries of such monies, or any portion thereof, to which any offer relates,
as to them shall appear to be for the best interests of the City.