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
:
ELECTRICITY
(Cite as: 24 App. V.S.A. ch. 219, § 31)
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§ 31. Electric and gas plants; bonding
When authorized by a majority of all the voters voting at a regular or special meeting
of the Village, the Village may issue and sell its negotiable bonds to an amount not
exceeding the amount authorized by the meeting for the purpose of purchasing, constructing,
establishing, maintaining, and operating an electric plant, electric transmission
and distribution lines, and a gas plant and pipe lines, or for any or all of such
purposes, or for additions thereto or any part thereof, as may be necessary from time
to time. The warning calling the meeting shall state the object and purpose for which
the indebtedness is proposed to be incurred, the estimated cost of the improvements,
the amount of bonds proposed to be issued therefor, and the maximum rate of interest
to be paid, and shall fix the place where and the date on which such meeting shall
be held. The vote shall be by ballot. (Added 1935, No. 247, § 2.)