§ 213 - Issuance of bonds to provide funds for parks authorized - Vermont Statutes

§ 3-213. Issuance of bonds to provide funds for parks authorized

For the purpose of providing necessary funds for the purchase or improvement of lands for park and recreational property, the City of Burlington is hereby authorized and empowered to issue its bonds in such manner and form as shall be determined by the city council of said city. On request of the board of park and recreation commissioners, duly made in writing, the mayor of said city shall call a meeting of the qualified voters of the city and submit to them the proposition to issue bonds of the city, the proceeds of the sale of which shall be exclusively applied, under the direction and at the discretion of the board of park and recreation commissioners, to the acquisition and improvement of land and facilities for public parks and recreational programs, but the said board shall make no contract of expenditure thereof involving liability to the City of Burlington exceeding the amount of the bonds thus issued. Such meeting shall be conducted, and the result determined, as in other city meetings.