Terms Used In Vermont Statutes Title 30 Sec. 2905

  • Municipal plant: means any plant or system owned and operated by any municipality for the manufacture, distribution, purchase, and sale of electricity or the manufacture, distribution, purchase, and sale of gas. See
  • Municipality: means any city, town, or village within this State. See

§ 2905. Indebtedness

A municipality that has voted according to the provisions of this chapter to acquire or construct a municipal plant may incur debt for the purpose of establishing, purchasing, constructing, extending, or enlarging it, but subject to the provisions of law limiting municipal indebtedness. Nothing herein shall be construed to affect the rights of any municipality now or hereafter incurring debt under 24 V.S.A. § 1822.

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