Vermont § 436 - Same—refunding The City may issue refunding bonds for the purpose of paying any of its bonds issued hereunder at maturity or upon acceleration or redemption

§ 436. Same—refunding The City may issue refunding bonds for the purpose of paying any of its bonds issued hereunder at maturity or upon acceleration or redemption

• . The refunding bonds may
  be issued at such time prior to the maturity or redemption of the refunded bonds as
  the City deems to be in the public interest. The refunding bonds may be issued in
  sufficient amounts to pay or provide the principal of the bonds being refunded, together
  with any redemption premium thereon, any interest accrued or to accrue to the date
  of payment of such bonds, the expenses of issue of the refunding bonds, the expenses
  of redeeming the bonds being refunded, and such reserves for debt service or other
  capital or current expenses from the proceeds of such refunding bonds as may be required
  by a resolution under which bonds are issued. The issue of refunding bonds, the maturities
  and other details thereof, the security therefor, the rights of the holders thereof,
  and the rights, duties, and obligations of the City with respect thereto shall be
  governed by the provisions of this article relating to the issue of bonds other than
  refunding bonds insofar as the same may be applicable.