Terms Used In Vermont Statutes Title 24 Sec. 3309

  • 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.

§ 3309. Bond issue

Any municipal corporation that is authorized by any general or special law to acquire and maintain a water system may issue its bonds for water purposes pursuant to such law, without regard to any restrictions thereon prescribed by this chapter.