§ 98. Electric Department finances
It shall be the duty of the Treasurer of said Village to keep separate accounts of all moneys received from the Electric Light Department and the rates and receipts of said Village for the use of electric light power shall be applied first to pay the interest as it becomes due upon the bonded or other indebtedness of said Village in connection with said electric light plant, and the excess, if any, shall be expended in the necessary repairs, management, and additions to said electric light plant. And if there remains unexpended a balance of the said electric light fund such balance shall be applied to pay the principal of the debt incurred on account of the said electric light plant if due and payable, or shall be set apart as a sinking fund, and shall be invested by the Treasurer of said Village with the approval of the electric light commissioners to be applied in payment of such electric light plant indebtedness when the same shall become due.
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