§ 1505. Current bonded indebtedness
Outstanding bonds previously issued by the Village of Richmond shall be obligations of the Town of Richmond on and after the effective date of this charter; provided, however, that until fully paid, said bonds and notes shall constitute a general obligation only with respect to that part of the Town formerly comprising the Village of Richmond and any part of the Town of Richmond presently outside the limits of the Village of Richmond and now receiving Village water and sewer services. Said bonds and notes shall not constitute a debt or obligation of the Town of Richmond, except as specifically provided in this section, and shall be paid only by rates, charges, and assessments levied for water and sewer service within the former Village, and shall be secured as general obligations only by the full faith and credit of the Town as it applies within the former Village. Nothing herein shall be construed as abridging the power of the Town or the Town School District to authorize and issue bonds as provided by the general law of this State.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 143 - Town of Richmond
App § 101. Corporate existence retained
App § 102. General law; application
App § 104. Reservations of powers to the Town
App § 105. Authority of police officers
App § 108. Intergovernmental relations
App § 109. Town School District; establishment
App § 111. Ordinances; enforcement and adoption
App § 112. Ordinance; introduction and readings
App § 113. Ordinance; consideration and passage
App § 114. Ordinance; effective date
App § 304. Bonding of officers
App § 501. Selectboard; powers and duties; terms
App § 503. Responsibilities and authority of Town Manager
App § 902. Water and sewer commissioners
App § 1301. Applicability of State law to zoning and planning
App § 1302. Ratification of present zoning ordinances
App § 1303. Incorporation of Village zoning ordinance
App § 1505. Current bonded indebtedness
App § 1705. Amendment of charter