Vermont § 601 - Withdrawal of member municipality

§ 601. Withdrawal of member municipality

• (a) A member municipality may vote to withdraw from the District if one year has elapsed
  since the District became a body politic and corporate and if the District has not
  voted to bond for construction and improvements or to authorize a long-term contract
  pursuant to this charter. If a majority of the voters of a member municipality present
  and voting at a meeting of the municipality duly warned for the purpose of withdrawal
  shall vote to withdraw from the District, the vote shall be certified by the clerk
  of that municipality to the Board of Supervisors of the District. (b) After a vote held pursuant to subsection (a) of this section, the Board of Supervisors
  shall give notice to the remaining member municipalities of the vote to withdraw and
  shall hold a meeting to determine if it in the best interests of the District to continue
  to exist. Representatives of the member municipalities shall be given an opportunity
  to be heard at the meeting together with any other interested persons. (c) After the meeting held pursuant to subsection (b), the Board of Supervisors may declare
  the District dissolved immediately or as soon thereafter as the financial obligations
  of the District and of each member municipality on account have been satisfied, or
  it may declare that the District shall continue to exist despite the withdrawal of
  the member municipality. The membership of the withdrawing municipality shall terminate
  as of one year following the vote to withdraw or as soon after the one-year period
  as the financial obligations of the withdrawing municipality have been paid to the
  District. (d) The one year waiting requirement in subsection (c) of this section may be waived after
  all financial obligations of the withdrawing municipality have been paid and upon
  an affirmative vote of at least 66 percent of the Board of Supervisor votes eligible
  to be cast, excluding the withdrawing municipality’s votes. (e) A vote of withdrawal taken after the District becomes a body politic and corporate
  but less than one year after that date shall be null and void. A vote of withdrawal
  taken after the District has voted to bond itself for construction and improvements
  or to authorize a long-term contract shall be null and void. (Added 2019, No. M-2, § 2, eff. April 19, 2019.)