§ 957 - Consolidation - Vermont Statutes

§ 957. Consolidation

The bonds authorized by one or more acts of the legislature may in the discretion of the officers issuing the same be combined upon their issue into one or more consolidated issues. The particular bonds of such consolidated issue issued under each authority may but need not be designated by number or otherwise. The bonds of such consolidated issues may be designated by such titles as may be deemed appropriate by such officers (which shall be in substitution for any titles prescribed by the authorizing acts) and shall contain on the face thereof the statement that they are issued for the purposes mentioned in, under the authority of, and in conformity with the authorizing acts (instead of the statement prescribed above or in the authorizing act) and such statement shall be conclusive evidence of the liability of the state to any bona fide holder thereof, and the bonds so issued shall be the lawful obligations of the state. (Added 1959, No. 24, § 7, eff. March 10, 1959.)