Vermont Statutes Title 24 Sec. 3305
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Terms Used In Vermont Statutes Title 24 Sec. 3305
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Domestic: when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign" when so applied, shall mean organized under the laws of another state, government, or country. See
- Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
- Village: shall mean an incorporated village. See
§ 3305. Contract for water
(a) Such municipal corporation may contract with any town, city, or village, or any corporation and individuals to supply water to such municipal corporation for the protection of property and for domestic and other purposes.
(b) A municipal corporation is authorized to enter into, with any contracting party or parties, contracts, leases, or lease-purchase agreements with respect to the construction, operation, and maintenance of water systems. These contracts may be entered into for terms not to exceed 40 years or the useful life of the system, whichever is less. (Amended 1983, No. 191 (Adj. Sess.), § 2.)