Go to Previous Versions
of
this Section
2025 Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 247 - Village of Newbury
App § 1401. Incursion of debt
Universal Citation:
24A VT Stats § 1401
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 1401. Incursion of debt
The Village shall not incur an indebtedness for public improvements which, with its previously contracted indebtedness, shall, in the aggregate exceed 10 times the amount of the last grand list of the corporation or the amounts authorized by the provisions of 24 V.S.A. chapter 53, subchapter 1 or any amendments thereto.
Debt may be incurred and bonds issued pursuant to the provisions of the above noted subchapter, or any amendments thereto, for any improvements, but no bonds shall be issued for the purpose of providing funds for ordinary expenses of the Village, except as otherwise provided by the provisions of this charter or of the laws applicable to municipal corporations.
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
