Vermont § 1755 - Submission to voters

§ 1755. Submission to voters

• (a)(1) On a petition signed by at least ten percent of the voters of a municipal corporation
  the proposition of incurring a bonded debt to pay for public improvements shall be
  submitted to the qualified voters thereof at any annual or special meeting to be held
  for that purpose, or, when the legislative branch of a municipal corporation at a
  regular or special meeting called for such purpose shall determine by resolution passed
  by a vote of a majority of those members present and voting, that the public interest
  or necessity demands improvements, and that the cost of the same will be too great
  to be paid out of the ordinary annual income and revenue, by vote of a majority of
  those members present and voting, it may order the submission of the proposition of
  incurring a bonded debt to pay for public improvements to the qualified voters of
  such municipal corporation at a meeting to be held for that purpose. (2) The warning calling the meeting shall state the object and purpose for which the indebtedness
  is proposed to be incurred, the estimated cost of the improvements, and the amount
  of bonds proposed to be issued, and shall fix the place where and the date on which
  the meeting shall be held and the hours of opening and closing the polls.