Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 414 § 604. Amendment of District charter

(a) The Board of Supervisors may, and upon petition of five percent of the voters of the District shall, prepare and propose amendments to this charter.

(b) Any proposed amendments shall be submitted to and acted upon by the voters of the District at a special meeting called for that purpose. If at the meeting a majority of the voters in at least one-half of the member municipalities, present and voting, and a majority of the voters of the District as a whole, present and voting, approve the proposed amendments, the amendments shall be thereby adopted and shall become effective immediately unless otherwise specified in the proposed amendments.

(c) This charter may be amended from time to time in the manner herein provided, but no amendment shall be made that shall substantially impair the rights of the holders of any bonds or other notes or other evidence of indebtedness or substantially affect any obligations under long-term contracts of the District then outstanding or in effect, or the rights of the District to procure the means for payment, continuation, or termination of a long-term contract.