Vermont § 421 - Issuance of bonds authorized

§ 421. Issuance of bonds authorized

• In case of any purchase that the City Council may approve and determine to make of
  any existing electric or gas plant and distribution system and any gas or electric
  business and the goodwill thereof and any franchises and rights-of-way in connection
  with such business, said City Council may by ordinance or resolution authorize the
  issuance of bonds for the purpose of providing funds for such purpose, and for the
  purpose of constructing improvements and additions to the present electric plant and
  system of said City and for the integration of the existing system with any system
  so acquired, and for the payment of all expenses incurred in connection with the issuance
  of such bonds and the acquisition and construction of such properties