Vermont § 4651 - Exchange of coupon bonds

§ 4651. Exchange of coupon bonds

• The governing body of the governmental unit may provide for the exchange of coupon
  bonds for fully registered bonds and of fully registered bonds for coupon bonds and
  for the exchange of the bonds after issuance for bonds of larger or smaller denominations,
  all according to the proceedings authorizing their issuance, provided the bonds in
  changed form or denominations are exchanged for the surrendered bonds in the same
  aggregate principal amounts and in a manner that no overlapping interest is paid,
  and the bonds in changed form or denominations bear interest at the same rate or rates
  and mature on the same date or dates as the bonds for which they are exchanged