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2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 5 CITY OF MONTPELIER
§ 1109 Bonds, maturities
24A V.S.A. § 1109 What's This?
5-1109. Bonds, maturities
All bonds issued under this subchapter shall be payable serially, the first payment to be deferred not more than five years after date of issue and subsequent payments to be continued annually in equal or diminishing amounts so that the entire debt will be paid in not more than 25 years from the date of issue, or within such period in excess of 25 years as may be otherwise permitted by law.
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