§ 508.
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/vt/508-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 508. Assets transferred; liabilities; taxation; special services
(a)All assets of the Village of St. Johnsbury on the date 1957 Acts and Resolved No. 345, as amended, becomes effective shall become the property of the Town of St. Johnsbury, except that those assets shall be subject to the debts of the Village of St. Johnsbury to the extent provided by law on that date. The Village of St. Johnsbury shall remain in existence so far as necessary to complete payment of its indebtedness and other obligations to which it was subject on that date. The taxpayers residing in the Village of St. Johnsbury as it was bounded just prior to that date shall be subject to a tax on their grand list to be assessed annually by the Selectboard of the Town of St. Johnsbury in an amount sufficient to pay off any such indebtedness according to its terms.
(b)The taxpayers residing in the Village of St. Johnsbury as it was bounded just prior to the date 1957 Acts and Resolves No. 345, as amended, becomes effective shall be subject to a tax on their grand list to be assessed annually by the Selectboard of the Town of St. Johnsbury in an amount sufficient to pay off current expenses and indebtedness in continuing the present functions and additions thereto within that area that are not common to the Town of St. Johnsbury.
(c)For the purpose of providing special services to a portion of the Town, the warning for any annual or special meeting may contain appropriate articles under which the legal voters in that area may vote for such special services as they desire. The Town shall furnish to each area such special services as are so voted, and the cost in each area, including the cost of all equipment, replacements, maintenance, salaries, and other operating expenses, shall be paid by a tax on the grand list of each taxpayer therein for his or her ratable share thereof, to be assessed annually by the Selectboard to be collected at the same time and in the same manner as the Town votes to have its other taxes collected, and such tax assessed upon grand list shall be a lien thereon with the same priority as other taxes lawfully assessed thereon.
(d)In order to complete the payment of existing indebtedness of the Village of St. Johnsbury and indebtedness that may be incurred from time to time for that area, the officers of the Town of St. Johnsbury corresponding to those of the Village of St. Johnsbury who had charge of the payment of such debt shall have authority to act as the duly authorized officers of the Village of St. Johnsbury. The tax so assessed shall be collected at the same time and in the same manner as other Town taxes. (Renumbered from 24A V.S.A. § 151-2 by 2023, No. M-27 (Adj. Sess.), § 4, eff. May 30, 2024.)