Vermont Statutes Title 18 Sec. 5382
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Terms Used In Vermont Statutes Title 18 Sec. 5382
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
§ 5382. Town trust funds—Acceptance of property
A town may take and hold in trust grants, gifts, or bequests of property and apply the same or the income thereof for the care, improvement, or embellishment of its burial grounds or a part thereof, or for the erection, preservation, or removal of a monument, fence, or other structure in or around the same according to the terms of the grant, gift, or bequest.