32 V.S.A. § 8395 — Findings

Upon hearing, if the Commission finds that the enforced payment of the taxes would
imperil the continued operation of the railroad and that the suspension of collection
thereof would promote the general good of the State, it shall certify its findings
to the Governor in writing, together with its recommendations in connection therewith.
Thereupon, the Governor, by executive order, may suspend the collection thereof for
the period of one year. The suspension may be extended by the Governor from year
to year upon certification of reviewed findings and recommendations by the Commission.
Any unpaid tax, the payment of which is suspended under this section, shall continue
to constitute a first lien upon the property of the railroad in accordance with section 8102 of this title, except that in the case of the sale of a part of the real property of any railroad
whose taxes have been suspended under this section, the Governor, upon recommendation
of the Commission, may release such lien from such real estate sold upon payment of
a reasonable share of the proceeds towards such suspended taxes, and the balance of
taxes remaining shall continue to constitute such a first lien upon the remaining
property of the railroad. (Amended 1961, No. 275, § 2, eff. Aug. 1, 1961.)