24APPENDIX V.S.A. § 159
This is the official text of 24APPENDIX V.S.A. § 159, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
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App. § 3-159. Selection of official depositary
Official statutory text
The Board of Finance shall, in the month of June 1994, and not less frequently than once every three years thereafter, procure from chartered banks of known reliability and sufficient capital their offers to act as depositary for the City monies, or for specified portions thereof, and the terms upon which they will receive such monies, and also the terms upon which they will furnish money upon such temporary and emergency loans to the City, or specified portions thereof, as the City Council from time to time may authorize. They shall by vote determine which of said offers, if any, they accept, and appoint such bank or banks whose offer or offers are accepted, as depositary or depositaries of such monies, or any portion thereof, to which any offer relates, as to them shall appear to be for the best interests of the City.
Status: in_force · Read it on the official government site
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