Vt. Stat. Ann. tit. 32, § 958

Any bonds or notes issued pursuant to this subchapter, if properly executed by the officers of the State in office on the date of the signing or on the date of imprinting of the facsimile signature, as the case may be, shall be valid and binding according to their terms, notwithstanding that before their delivery and payment, any or all executing officers shall have for any reason ceased to hold office.