Vermont § 4003 - Implementing powers Without limiting the general scope and application of section 4002 of this chapter, each participating utility shall have the right and power:

§ 4003. Implementing powers Without limiting the general scope and application of section 4002 of this chapter, each participating utility shall have the right and power:

• (1) To use its means and assets for the purposes of exercising the authority granted by
  section 4002 of this chapter, including, as to municipal electric utilities, the right
  and power to pledge the credit of the municipality. (2) To issue bonds and other securities to raise funds for those purposes in the same
  way and to the same extent and subject to all of the conditions that would apply if
  the utility’s interest in such agreements, actions, and contracts were whole and entire. (3) To acquire, for the use and benefit of all participating utilities, by purchase or
  through the exercise of the power of eminent domain, lands, easements, and properties
  for the purpose of jointly owned electric facilities, and transfer or convey lands,
  easements, and properties or interests, or otherwise to cause those lands, easements,
  and properties, or interests, to be vested in other participating utilities to the
  extent and in the manner agreed between the participating utilities