32 V.S.A. § 8394 — Petition and hearing for relief from taxes

Upon the written petition of any railroad corporation operating a railroad located
in whole or in part within this State, setting forth that the financial condition
of such corporation is such that the payment of any taxes assessed against it under
the provisions of this chapter would imperil the continued operation of such railroad
and would be detrimental to the general good of the State, the Public Utility Commission
shall fix a time and place for hearing thereon and give due notice thereof, including
notice to the Attorney General who shall attend such hearing and represent the interests
of the State. (Amended 1961, No. 275, § 1, eff. Aug. 1, 1961.)