Vermont Statutes
Chapter 53 - Indebtedness
§ 1826. Actions barred

§ 1826. Actions barred
(a) No action shall be brought directly or indirectly attacking, questioning, or in any manner contesting the legality or validity of municipal revenue bonds for public utility purposes, issued or unissued, voted by any municipality or by any other municipal corporate entity, after six months from the date upon which voters in any such municipality or other municipal corporate entity met pursuant to warning and voted affirmatively to issue bonds to defray costs of municipal utility purposes 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 bonds issued or authorized by municipalities or other municipal corporate entities for public utility purposes, and to bar every right to question in any manner the validity of a bond voted by it for public utility 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, § 2, 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