Vermont § 902 - Maximum bonded indebtedness

Full text of Vermont Vermont Statutes Online § 902 — Maximum bonded indebtedness, with citation guidance and answers to common questions.

§ 902. Maximum bonded indebtedness

  • (a) The total amount of the bonded or other outstanding indebtedness of said Village at
    any one time, however, shall not exceed 10 percent of the assessed valuation of the
    property therein; and said Village may refund its outstanding legal indebtedness by
    issuing its notes or bonds therefor subject to the provision of this section. (b) This section shall not be construed to prevent the Village issuing its orders to borrow
    money to provide for current necessary expenses in any year; said orders, however,
    to be retired from the avails of taxes appropriated for the purpose by the Village
    that year.

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Frequently Asked Questions About Vermont § 902

What does Vermont Statutes Online § 902 cover?

Section 902 ("Maximum bonded indebtedness") 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 § 902?

A common citation format is "Vermont Statutes Online § 902" (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 § 902 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.