Vermont Statutes
Chapter 13 - Debts and Claims
§ 957. Consolidation

§ 957. Consolidation
The bonds authorized by one or more acts of the General Assembly may in the discretion of the officers issuing the bonds be combined upon their issue into one or more consolidated issues. The particular bonds of the consolidated issue issued under each authority may but need not be designated by number or otherwise. The bonds of the consolidated issues may be designated by titles as may be deemed appropriate by the officers, which shall be in substitution for any titles prescribed by the authorizing acts, and shall contain on their face the statement that they are issued for the purposes mentioned in, under the authority of, and in conformity with the authorizing acts instead of the statement prescribed above or in the authorizing act, and the statement shall be conclusive evidence of the liability of the State to any bona fide holder, and the bonds so issued shall be the lawful obligations of the State. (Added 1959, No. 24, § 7, eff. March 10, 1959; amended 2021, No. 105 (Adj. Sess.), § 469, eff. July 1, 2022.)

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