§ 1505. Budget limitations—borrowing
(a) The incurring of bonded indebtedness, the issuing of bonds, the making of temporary loans in anticipation of the sale of bonds, and all other matters pertaining to bonded indebtedness and borrowing for current expenses or in anticipation of the receipt of taxes shall be controlled by applicable statutes.
(b) The Village, by vote at an annual or special meeting, may borrow money under such terms and conditions and for such lawful municipal purposes as the Village shall vote.
(c) The trustees, in the name of the Village, may borrow funds in anticipation of federal and State funds which have been approved and committed. Any debt so incurred for a project shall be repaid from the first federal or State funds received for that project.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 269 - Village of Poultney
App § 101. Corporate existence retained
App § 102. General law application
App § 103. Powers of the Village
App § 105. Reservation of powers to the Village
App § 107. Intergovernmental relations
App § 303. Terms of office—trustees
App § 304. Other elected officers
App § 306. Vacancies of elected and appointed officers
App § 307. Bonding of officers
App § 503. Record of proceedings
App § 701. Appointed by trustees
App § 1001. Water and sewer systems; duties of trustees
App § 1002. Water and sewer systems; extraterritorial service
App § 1101. Application of general laws
App § 1103. Postponement and combining of Village meeting
App § 1104. Voting question by Australian ballot
App § 1105. Annual meeting; date and time
App § 1301. Applicability of State law to Poultney zoning and planning
App § 1502. Preparation and submission of budget and Village report
App § 1504. Amount to be raised by taxation
App § 1505. Budget limitations—borrowing
App § 1506. Transfers of appropriations
App § 1702. Continuance in office and employment
App § 1705. Amendment of charter
App § 1706. Reference to statute
App § 1707. Penalties, forfeitures of suits not affected
App § 1708. Annexation and merger