§ 2431. Trustees of public funds
§ 2431. Trustees of public funds Real and personal estate, except U.S. 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 […]
§ 2432. Powers and duties; investments
§ 2432. Powers and duties; investments (a)(1) The trustees shall apply estate income to the purpose for which it is held, and deeds or contracts made by them shall be in the name of the town. (2) The trustees may: (A) lease, sell, or convey real estate so held and invest the funds received therefrom; […]
§ 2433. Bonds; actions
§ 2433. Bonds; actions The trustees shall have crime insurance coverage or give bonds to the satisfaction of the selectboard, conditioned for the faithful performance of their duties. In the name of the town, they may prosecute and defend a suit or action for the recovery or protection of the estate entrusted to their care. […]
§ 2434. Report
§ 2434. Report The trustees shall report to the annual town meeting the amount of the funds in their hands, the manner and condition of its investment, and the disposal of the income thereof. If any part of such fund is school money, such trustees shall make like report to the State Board of Education.
§ 2402. Right of possession
§ 2402. Right of possession The selectboard shall be entitled to the possession of such lands, except when the same have been otherwise disposed of according to law. They may commence, prosecute, or defend, in the name of the town, any action necessary to recover or protect such possession, or recover damages for injuries done […]
§ 2403. Lease
§ 2403. Lease The selectboard may lease such lands as they deem beneficial, reserving rents for the same, which shall be annually paid into the treasury of the town.
§ 2406. Conveyance of leaseholds; trust funds
§ 2406. Conveyance of leaseholds; trust funds (a) Educational, ecclesiastical, or municipal corporations may convey by deed the fee simple in lands the title to or use of which is held by such corporations under State or colonial grant for purposes defined in such grants. Such conveyance may be made to the owner and holder […]
§ 2408. Exceptions
§ 2408. Exceptions Any land acquired by virtue of the provisions of section 2407 of this title shall be deemed a municipal forest. A town which has such forest on the effective date of section 2407 of this title, or acquires one hereunder, shall be deemed to have complied with the provisions of such section.
§ 2409. Retention of municipal ownership of lease lands
§ 2409. Retention of municipal ownership of lease lands (a) As used in this section: (1) “Legislative body” means the officer or officers of a municipal corporation who are charged with the care of the municipal corporation’s lease lands. (2) “Lessee” means the person entitled to possess, enjoy, and use land subject to a perpetual […]
§ 2401. Public lands; duties of selectboard
§ 2401. Public lands; duties of selectboard The selectboard shall have the care of lands in the town granted under the authority of the British Government as glebes for the use of the Church of England and now by law granted to such town for the use of schools, and lands granted to the use […]