Vermont § 604 - Amendment of Union Municipal District agreement

§ 604. Amendment of Union Municipal District agreement

• (a) The Board of Supervisors may, at any regular or special meeting of the Board of Supervisors,
  by a majority vote of a quorum of the Board of Supervisors, adopt a resolution recommending
  an amendment to this agreement, which resolution shall state the wording of the proposed
  amendment, the purpose of the amendment, and the date, time, and place at which the
  Board of Supervisors shall consider the adoption of said amendment. A written copy
  of the resolution shall be delivered or mailed by the Clerk of the District to the
  clerk and each member of the legislative body of each member municipality, and to
  each member of the Board of Supervisors, which mailing or delivery shall occur at
  least 30 calendar days prior to the meeting at which action on the proposed amendment
  is scheduled to occur. Thirty calendar days following adoption of the amendment by
  a vote of two-thirds majority of the Board of Supervisors, the amendment shall become
  effective upon ratification by the General Assembly, unless a majority of the member
  municipalities, acting through their legislative branches, petition the Board of Supervisors
  prior to the effective date of the amendment to have the amendment acted upon by the
  legal voters of the District at an annual or special meeting of the District, in which
  case the Board of Supervisors shall, within 60 days thereof, cause the amendment to
  be acted upon by the legal voters of the District at an annual or special meeting
  thereof, in accordance with the provisions of Article V hereof. In the event the amendment
  shall be approved by a majority of the legal voters of the District at such meeting,
  it shall become effective upon ratification by the General Assembly. (b) Upon receipt of a petition signed by not less than five percent of the legal voters
  of the District, which petition shall set forth the wording of a proposed amendment
  and the purpose of the proposed amendment, the Board of Supervisors shall consider
  the adoption of the amendment within 60 days of the receipt of the petition by the
  Board. In the event the Board of Supervisors shall approve the proposed amendment,
  the provisions of subsection (a) hereof shall apply. In the further event that the
  Board of Supervisors shall disapprove the proposed amendment, then and in that event
  shall the Board of Supervisors, within 60 days thereof, cause the amendment to be
  acted upon by the legal voters of the District at an annual or special meeting thereof,
  in accordance with the provisions of Article V hereof. In the event the amendment
  shall be approved by a majority of the legal voters of the District at such meeting,
  it shall become effective upon ratification by the General Assembly. (c) No amendment may be made to this agreement that shall substantially impair the rights
  of the holders of any bonds or other notes or other evidence of indebtedness, or substantially
  affect any obligations under long-term contracts of the District then outstanding
  or in effect, or the rights of the District to procure the means for payment, continuation,
  or termination thereof.