Vermont Statutes
Chapter 235 - Village of Ludlow
App § 82. Bonding for construction of sewers

§ 82. Bonding for construction of sewers
The said Village of Ludlow is hereby authorized and empowered to borrow such sum or sums of money to defray the expenses of constructing said sewers and to pay land damages as the said Village may deem best, and to issue bonds with coupons attached bearing a rate of interest not exceeding six percent per annum, said interest to be payable annually or semi-annually as the Village may elect, such bonds to be issued in the following manner: The trustees of said Village on the application of 20 or more legal voters of said Village shall within 10 days after the receipt of said application, warn a meeting of the legal voters of such Village, to be held at the usual place of holding Village meetings in such Village, which notice shall specify the time and place of the meeting, which shall not be more than 20 nor less than 12 days from the time of posting said notice, and the warning shall be sufficient if it states that the business to be done at said meeting is to see if the Village will vote to construct sewers in said Village and will vote to issue bonds to defray the expense of constructing said sewers and paying all other necessary expense, and if the majority of the votes given at said meeting shall be to construct said sewers and to issue said bonds, then the Village shall fix the amount of the bonds to be issued and the terms thereof, which sum shall not exceed $15,000.00, and shall elect three commissioners who shall be resident taxpayers of said Village; said commissioners shall be duly sworn, and shall, as soon as may be, prepare suitable books, in which said vote shall be set forth, in which the taxpayers of said Village may sign their names, assenting to said vote to issue said bonds, and the grand list of each person signing said assent shall be annexed to his or her name, and when a majority of the taxpayers of said Village both in number and amount of grand list shall have signed the same, the same shall be binding on the Village; provided the signatures are procured within six months after the first signature to the paper is made; and all persons or corporations residing or located in said Village and liable to pay taxes at the time the assent is given, shall have a right to assent to said vote.

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