Vermont § 801 - Borrowing authority
Full text of Vermont Vermont Statutes Online § 801 — Borrowing authority, with citation guidance and answers to common questions.
§ 801. Borrowing authority
- The Village at an annual or at any special meeting called for that purpose is authorized
and empowered to vote to borrow money for any of the purposes mentioned in this charter,
and to issue its notes and bonds, and the notes or bonds shall be signed by the Trustees
and countersigned by the Treasurer of the Village, and if interest coupons are attached
they shall be signed by the Treasurer; and the bonds or notes shall contain a statement
that they were issued for the purposes mentioned and in conformity with the provisions
of this charter, and the statement shall be conclusive evidence of the same, and of
the liability of the Village to pay the notes or bonds in an action by a person who
in good faith holds the notes or bonds
Frequently Asked Questions About Vermont § 801
What does Vermont Statutes Online § 801 cover?
Section 801 ("Borrowing authority") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 801?
A common citation format is "Vermont Statutes Online § 801" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 801 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.