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2011 Vermont Code
Title 24 Appendix Municipal Charters
Chapter 108A TOWN OF CABOT
§ 103 Finances


24 VT Stats App. § 108A-103. (2011 through Adj Sess) What's This?

§ 108A-103. Finances

On the effective merger date:

(1) The funds and other assets of the Village of Cabot for its general fund, along with its corresponding liabilities, shall become those of the Town of Cabot for its general fund.

(2) The funds and other assets of the Village of Cabot for its water department, along with its corresponding liabilities, shall become those of the Town of Cabot for its water department.

(3) All of the other funds, assets, and liabilities of the Village of Cabot except as herein specifically provided shall become those of the Town of Cabot as part of its general fund and of its general assets and liabilities.

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