Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 219 § 4. Board of Trustees

(a) There shall be a Board of five Trustees to manage the affairs of the corporation with the necessary powers for that purpose to exercise such general powers of their office within the Village limits as are applicable to the selectboard in town affairs as provided by the statutes of the State, to act as and to exercise the powers of the Board of Water and Light Commissioners and to exercise such other powers as may be provided by the act of incorporation, as amended.

(b) At each annual meeting, the corporation shall elect, by ballot, such number of trustees for three-year terms as there are trustees whose terms expire in the year in which the annual meeting is held. Each trustee shall hold office until his or her successor is duly elected and qualified.

(c) Trustees shall be elected from among the legal voters of the Village. If a trustee during his or her term ceases to be a legal voter of the Village, his or her office shall be declared vacant by the Board of Trustees.

(d) If a vacancy occurs in the Board of Trustees for any cause other than the expiration of a term, the remaining trustees shall fill the vacancy by appointment until the next annual meeting of the Village, at which meeting the Village shall elect a trustee for the unexpired term.

(e) The Board of Trustees may appoint and employ a Village Manager for a term not exceeding three years for a salary and upon such other conditions as the Board may fix. The Village Manager may have the powers available to a manager under the statutes of the State as the Board may designate from time to time.

(f) The Board of Trustees shall appoint a Collector for such term not exceeding three years as the Board may fix. The Village Manager, if any, may be appointed Collector. The Collector shall be sworn, shall discharge the usual duties of such office, and shall give a bond in such sum as the Board of Trustees shall direct for the faithful performance of the office.

(g) Notwithstanding any other provision of the charter, the Board of Trustees exclusively shall exercise the corporation's power to make and amend bylaws and regulations, subject to the provisions of 24 V.S.A. § 1973, as amended.

(h) The Board of Trustees may appoint outside independent auditors in addition to, but not in lieu of, the auditors selected pursuant to this charter. Section 3 notwithstanding, the outside independent auditors need not be legal voters of the Village.