§ 100 - Annual assessment for redemption of bonds authorized - Vermont Statutes

§ 3-100. Annual assessment for redemption of bonds authorized

Said city council shall annually assess upon the property grand list of said city, for the fiscal year, a tax of one and 23/100 cents upon the dollar thereof, the proceeds of which tax shall be applied to the redemption of the bonded debt of the city, and shall annually appropriate for that purpose a sum which in the judgment of the city council would be raised by a tax of the same rate on said property grand list. Such tax shall not be included within the limitation of amount of tax for city purposes prescribed by section 99 of this charter.