Vermont Statutes
Chapter 53 - Indebtedness
§ 1757a. Validation of consolidated water or sewer districts and bonds voted for construction

§ 1757a. Validation of consolidated water or sewer districts and bonds voted for construction
(a) No action shall be brought directly or indirectly attacking, questioning, or in any manner contesting the legality of the formation, or the existence as a body corporate and politic, of any consolidated water or sewer district created pursuant to chapter 91 or 105, respectively, of this title, after six months from the date of the recording in the office of the Secretary of State of the certificate required by section 3342 or 3673 of this title, as the case may be; nor shall any action be brought directly or indirectly attacking, questioning, or in any manner contesting the legality or validity of bonds, issued or unissued, voted by any such district or by any other municipal corporate entity, after six months from the date upon which voters in any such district or other municipal corporate entity met pursuant to warning and voted affirmatively to issue bonds to defray costs of sewer or water improvements or upon vote of a question of recission thereof whichever occurs later.
(b) This section shall be liberally construed to effect the legislative purpose to validate and make certain the legal existence of all consolidated water or sewer districts in this State and the validity of bonds issued or authorized by consolidated or other municipal corporate entities for water or sewer purposes, and to bar every right to question in any manner the existence of any such district or other municipal corporate entity or the validity of a bond voted by it for water or sewer purposes, and to bar every remedy therefor notwithstanding any defects or irregularities, jurisdictional or otherwise, after expiration of the six-month period. (Added 1975, No. 57, § 1, eff. April 18, 1975.)

Structure Vermont Statutes

Vermont Statutes

Title 24 - Municipal and County Government

Chapter 53 - Indebtedness

§ 1751. Definitions

§ 1752. Bonds; issuance

§ 1752a. Privately owned municipality-supported libraries

§ 1753. Use of bond proceeds

§ 1754. Validation

§ 1755. Submission to voters

§ 1756. Notice of meeting; authorization

§ 1757. Validation

§ 1757a. Validation of consolidated water or sewer districts and bonds voted for construction

§ 1758. Conduct of meetings

§ 1759. Denominations; payments; interest

§ 1760. Bonds validated—Over five percent

§ 1761. Higher rates

§ 1762. Limits

§ 1763. Specifications

§ 1764. Taxes to meet interest and payments

§ 1765. Advertisement

§ 1766. Bonds; by whom signed

§ 1767. Computation of amount

§ 1768. Form of bond and coupon

§ 1771. Refunding bonds; authorization

§ 1772. Refunding bonds; procedure and limitations

§ 1773. Temporary loans

§ 1774. Record by treasurer

§ 1775. Cancellation and record of old bonds

§ 1776. Record

§ 1777. Regulations

§ 1778. Registered obligations; authority to issue

§ 1779. Registration on request

§ 1780. Certificate of registration indorsed; when

§ 1781. Change of coupon bonds to registered bonds

§ 1782. Registered bonds; form of certificate

§ 1783. Registered bonds; indorsement conclusive evidence of authority

§ 1784. Registered bonds; treasurer to keep record

§ 1785. Registered bonds; conversion not to affect liability

§ 1786. Borrowing to pay current expenses in anticipation of taxes

§ 1786a. Borrowing for public improvements and capital assets

§ 1787. Application of chapter; charters and special acts to control

§ 1788. Existing powers continued; emergencies

§ 1789. Alternative financing of assets

§ 1821. Definitions

§ 1822. Powers; approval of voters

§ 1823. Payment exclusive; effect

§ 1824. Specific provisions

§ 1825. Construction

§ 1826. Actions barred

§ 1827. Enforcement of bond obligations

§ 1828. Rights of holders

§ 1881. Form of bonds, notes, and certificates

§ 1882. Signature

§ 1883. Transfer agent

§ 1885. Application

§ 1886. Additional powers

§ 1887. Short title

§ 1891. Definitions

§ 1892. Creation of district

§ 1893. Purpose

§ 1894. Power and life of district

§ 1895. Original taxable value

§ 1896. Tax increments

§ 1898. Powers supplemental; construction

§ 1899. Bonds as legal investments

§ 1900. Distribution

§ 1901. Information reporting

§ 1903. Definitions

§ 1904. Municipal tax increment financing district