Vermont § 306 - Reserve Fund of Light Department not to be increased without vote Notwithstanding the provisions of section 65 of this charter, the Special Reserve
Full text of Vermont Vermont Statutes Online § 306 — Reserve Fund of Light Department not to be increased without vote Notwithstanding the provisions of section 65 of this charter, the Special Reserve, with citation guidance and answers to common questions.
§ 306. Reserve Fund of Light Department not to be increased without vote Notwithstanding the provisions of section 65 of this charter, the Special Reserve
- Fund of the Light Department therein provided for shall not be increased in any one
year by more than 10 percent of the net earnings of said Department for the previous
year, unless a majority of the legal voters of the City present and voting thereon
at the annual City meeting to be held on the first Tuesday in March, 1950, shall vote
favorably upon the following question, to be voted upon by ballot: “Shall the City
Council, with the approval of the Board of Light Commissioners, be authorized to increase
the Reserve Fund of the Light Department by such part of the Department earnings as
it may deem advisable?”
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 306
What does Vermont Statutes Online § 306 cover?
Section 306 ("Reserve Fund of Light Department not to be increased without vote Notwithstanding the provisions of section 65 of this charter, the Special Reserve") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 306?
A common citation format is "Vermont Statutes Online § 306" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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