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. 261, § 37)
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§ 37. Village may issue bonds for purpose of lighting streets; duties of Village Treasurer
in respect thereto
Said Village is hereby authorized to issue bonds not exceeding the aggregate amount
of $40,000.00, on such terms as said Village shall prescribe, for carrying into effect
the foregoing provisions. And in case said Village neglects to make reasonable provision
for the payment of the interest and principal of said bonded indebtedness as the same
become due and payable, the Treasurer of said Village shall seasonably make out and
deliver to the Collector of said Village a tax bill on the grand list of said Village
and the Treasurer shall therewith issue to said Collector the Treasurer’s warrant
in manner and form substantially as is now provided by law for the collection of other
taxes, directing the collection and payment of such tax to said Treasurer within 60
days from the time of such delivery, in an amount sufficient to promptly pay the interest
or principal then past due and unpaid; and the money so collected shall be specially
held and used for the payment of such interest and principal and for no other purpose,
except the incidental expense of assessing and collecting such tax. The Treasurer
of said Village shall provide for and promptly pay the interest and principal of such
bonded indebtedness as the same shall become due and payable without any vote thereupon
by said Village and without an order therefor by the trustees of said Village; and
such tax bill shall have the same force and authority as a tax bill for a tax voted
at a regular meeting of said Village. (Added 1892, No. 114, § 37; amended 1902, No. 218, § 1; 1912, No. 325, § 2.)