Vermont Statutes Title 24 Sec. 2742
Terms Used In Vermont Statutes Title 24 Sec. 2742
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- said: when used by way of reference to a person or thing shall apply to the same person or thing last mentioned. See
§ 2742. Contracts between municipalities; airports
Two or more municipal corporations, acting through the legislative bodies thereof, may enter into contracts for the same period and for the same purposes as specified in section 2741 of this title, provided that the authority conferred herewith shall apply only to airport property situated in one or more municipalities and owned or held by one or more other municipalities. The authority granted herewith may be exercised notwithstanding that some or all of said property may be exempt from taxation by other provisions of law, and in the event that such contract is entered into, no municipal officer shall refuse payment of any obligation thereunder on the ground of such exemption. (1959, No. 208, eff. May 29, 1959.)