§ 94. Bonding for constructing electric light system
Said Village by a majority vote at a meeting legally warned for such purpose is authorized to issue bonds not exceeding $40,000.00 on such terms as said Village shall prescribe for the purpose of paying the debt incurred in purchasing and constructing said electric light system and carrying into effect the foregoing provisions. And in case said Village shall neglect to make reasonable provisions for the payment of the interest and principal of said electric light bonds as the same shall become due, it shall be the duty of the Treasurer of said Village to make out and deliver to the Collector of Taxes of said Village a tax bill on the grand list of said Village, and he or she shall therewith issue to said Collector his or her warrant substantially in form as now provided to be issued for the collection of town or other taxes, directing the collection and payment of said tax to said Treasurer within 60 days from the time of such delivery in the amount sufficient to promptly pay the interest or principal then past due and unpaid; and such tax shall be paid to said Treasurer, and the money so collected shall be held and used for the payment of such interest and principal as is unpaid. And it is hereby made the duty of the Treasurer of said Village to promptly pay the interest and principal of such bonded indebtedness as the same shall become due without any vote thereupon of said Village; and such tax bill shall have all of the force in every respect of a tax bill voted therefor by said Village.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 235 - Village of Ludlow
App § 22. Board of Trustees; duties
App § 24. Treasurer and Collector
App § 32. Police officers; duties; failure to arrest violators
App § 33. Waiving of Village bylaws
App § 41. Establishment of Board
App § 42. Board investigations
App § 44. Enforcement of Board regulations
App § 45. Removal of health violations
App § 71. Taking of water for the Village
App § 72. Construction of water supply system
App § 73. Bonding for construction of water supply system
App § 74. Contracting for construction of water supply system
App § 75. Damages and compensation related to construction of water supply system
App § 76. Appeal of damage and compensation determinations
App § 77. Malicious disruption of water supply system
App § 78. Adoption of bylaws, regulations, and rates
App § 81. Construction of sewers
App § 82. Bonding for construction of sewers
App § 83. Certification and recording of bonding vote
App § 84. Trustees to effectuate construction of sewers
App § 85. Additional meetings and votes
App § 86. Home owners to construct connecting sewers
App § 91. Purchase of electric light plant and contract for power
App § 92. Damages and compensation related to construction of electric power system
App § 93. Petition for Court hearing on compensation and damages for land taken
App § 94. Bonding for constructing electric light system
App § 95. Management of electric power plant
App § 96. Electric rates; liens
App § 98. Electric Department finances
App § 101. Establishing and discontinuing streets
App § 102. Laying of water pipes
App § 103. Assessment for benefit
App § 104. Notice to enter land; trustees’ determination of assessments and damages
App § 105. Appeal of damage award or assessment for benefit
App § 106. Judicial review of damage award
App § 111. Date of annual meeting
App § 112. Failure to hold annual meeting
App § 113. Qualification to vote at Village meetings