2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 5 CITY OF MONTPELIER
§ 1108 City Council action
5-1108. City Council action
When the incurring of a debt has been authorized by the voters in the manner above provided, the City Council shall determine by resolution whether notes or bonds are to be issues. Notes for this purpose shall mean obligations payable to or to the order of a named payee, or to bearer, without interest coupons attached, and shall mature within 10 years from date at such time or times and in such amount or amounts, not exceeding the amount fixed by vote of the City meeting, as the City Council may by resolution establish.
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