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The Vermont Statutes Online
Title
10
:
Conservation and Development
Chapter
012
:
VERMONT ECONOMIC DEVELOPMENT AUTHORITY
Subchapter
004
:
ECONOMIC DEVELOPMENT REVENUE BONDS
§
245. Municipal proceedings
All actions of a
municipality in the exercise of its powers with respect to a project and the
financing thereof shall be authorized by resolution adopted by majority vote of
all of the members of its governing body. Unless otherwise provided in the
resolution, or in the city charter in the case of a city, each resolution shall
take effect upon its passage. The terms and details of any transaction may be
delegated by the governing body to those authorized by the governing body to
enter into the transaction on behalf of the municipality. (Added 1973, No. 197
(Adj. Sess.), § 1.)