Vermont § 241 - Powers of municipalities Municipalities shall have the following powers in addition to any other powers given them by law:

§ 241. Powers of municipalities Municipalities shall have the following powers in addition to any other powers given them by law:

• (1) To engage in projects under this subchapter within the municipality or partially within
  the municipality but entirely within the State, to acquire ownership or possessory
  interests in eligible facilities and related property, and to dispose of them; (2) To issue bonds to pay project costs, or to reimburse a user or a related person for
  payments for project costs made before or after the bonds are issued, or to refund
  bonds previously issued; (3) To execute financing documents and security documents and to perform obligations and
  exercise powers created by them; (4) In the event of default by a user under a financing document, but only to the extent
  authorized by the financing document or security document, to dispose of all or part
  of the eligible facility by sale or otherwise for the benefit of the bondholders under
  the security document; (5) To make contracts or take any other action that is necessary or desirable in connection
  with the exercise of the foregoing powers