§ 14.
204 words·~1 min read·
/vt/14-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 14. Power to borrow money
The Village at an annual or a special meeting called for that purpose is hereby authorized and empowered to vote to borrow money for any of the purposes herein mentioned, and to issue its notes and bonds therefor; and such notes or bonds shall be signed by the trustees and countersigned by the Treasurer of the Village, and if interest coupons are attached, they shall be signed by the Treasurer, and the bonds or notes shall contain a statement that they are issued for the purposes mentioned, and in conformity with the provisions of this charter, and such statement shall be conclusive evidence of the same, and of the liability of the Village to pay such notes or bonds in an action by a person who in good faith holds such notes or bonds.
The Village Treasurer shall keep a record of every note or bond under the provisions of this charter, therein stating the number and denomination of such note or bond, when and where payable, to whom issued, and the rate of interest thereon; and also shall keep a record of payments, interest, and principal; and if any coupons are taken off shall deface the same.