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
:
ELECTRIC POWER SYSTEM
(Cite as: 24 App. V.S.A. ch. 235, § 94)
-
§ 94. Bonding for constructing electric light system
Said Village by a majority vote at a meeting legally warned for such purpose is authorized
to issue bonds not exceeding $40,000.00 on such terms as said Village shall prescribe
for the purpose of paying the debt incurred in purchasing and constructing said electric
light system and carrying into effect the foregoing provisions. And in case said Village
shall neglect to make reasonable provisions for the payment of the interest and principal
of said electric light bonds as the same shall become due, it shall be the duty of
the Treasurer of said Village to make out and deliver to the Collector of Taxes of
said Village a tax bill on the grand list of said Village, and he or she shall therewith
issue to said Collector his or her warrant substantially in form as now provided to
be issued for the collection of town or other taxes, directing the collection and
payment of said tax to said Treasurer within 60 days from the time of such delivery
in the amount sufficient to promptly pay the interest or principal then past due and
unpaid; and such tax shall be paid to said Treasurer, and the money so collected shall
be held and used for the payment of such interest and principal as is unpaid. And
it is hereby made the duty of the Treasurer of said Village to promptly pay the interest
and principal of such bonded indebtedness as the same shall become due without any
vote thereupon of said Village; and such tax bill shall have all of the force in every
respect of a tax bill voted therefor by said Village.