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. 227, § 14)
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§ 14. Power to borrow money
The Village at an annual or a 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 the 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 are 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 under the provisions of this charter, therein
stating the number and denomination of such 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 off shall deface the
same.