Terms Used In Vermont Statutes Title 24 Sec. 1752

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Improvement: shall include , apart from its ordinary signification:

§ 1752. Bonds; issuance

Debt may be incurred and bonds issued under this subchapter for any improvement, but no bonds shall be issued for the purpose of providing funds for ordinary expenses of any municipal corporation, except as otherwise provided.