The Vermont Statutes Online

Title 24: Municipal and County Government

Chapter 65: PUBLIC LANDS AND FUNDS

Sub-Chapter 02: Public Funds

24 V.S.A. § 2431. Trustees of public funds



§ 2431. Trustees of public funds

Real and personal estate, except United States public money, held by a town in trust for any purpose, including cemetery trust funds, unless the person giving the same otherwise directs, shall be under the charge and management of three trustees, elected by the town when the town so votes. At the meeting when such trustees are first elected, they shall be elected for the following terms: one for one year, one for two years and one for three years. Their successors shall be elected for the term of three years, but a person chosen to fill a vacancy caused by death, resignation or otherwise shall serve only for the remainder of the unexpired term.