§ 1401. Incursion of debt
The Village shall not incur an indebtedness for public improvements which, with its previously contracted indebtedness, shall, in the aggregate exceed 10 times the amount of the last grand list of the corporation or the amounts authorized by the provisions of 24 V.S.A. chapter 53, subchapter 1 or any amendments thereto.
Debt may be incurred and bonds issued pursuant to the provisions of the above noted subchapter, or any amendments thereto, for any improvements, but no bonds shall be issued for the purpose of providing funds for ordinary expenses of the Village, except as otherwise provided by the provisions of this charter or of the laws applicable to municipal corporations.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 247 - Village of Newbury
App § 201. Corporate existence of the Village
App § 401. Election of officers
App § 402. Incompatible officers
App § 404. Compensation of Village officers
App § 501. Powers and duties of the Board
App § 502. Meeting of the Board
App § 503. Compensation of the Board
App § 701. Annual Village meetings
App § 702. Special Village meetings
App § 703. Confirmation of Appropriations
App § 1001. Adoption authority
App § 1002. Imposition of fines
App § 1303. Water commissioners and water works
App § 1402. Improvements for which debt may be issued
App § 1405. Revenue anticipation notes
App § 1406. Public utility financing
App § 1501. Construction and operation of sewage system