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improvements thereto. This Bylaw shall apply to any stabilization fund existing as of the <br />effective date hereof as well as to any such fund established after the effective date hereof. <br />Momow- WMMHWI�M= <br />(Two-thirds vote required pursuant to G.L. c.40, §5B) <br />The Board of Selectmen recommends approval by a vote of 5-0. <br />The Finance Committee recommends approval by a vote of 6-0. <br />Motion made by Selectman Michael Richardson. <br />0 <br />Motion* I move the Town vote to amend the General Bylaws by adding Artick <br />IX (Stabilization Fund) to Chapter 6 (Finances)i, as follows: <br />ARTICLE IX - Stabilization Fund <br />§6- 4 Use of Stabilization Fund, <br />Any stabilization fund established by the Town pursuant to the provisions of M.G.L. c.40, §5B <br />shall be used, and funds shall be appropriated thereto or therefrom, only for the purpose of <br />funding extraordinary and unanticipated expenses of the Town, including capital expenditures. <br />For the purpose of this Bylaw, the term "capital expenditures" is defined as costs and expenses <br />related to the acquisition, maintenance or repair of Town owned property, including any <br />improvements thereto. This Bylaw shall apply to any stabilization fund existing as of the <br />effective date hereof as well as to any such fund established after the effective date hereof. <br />Motion passes at 7:22 PM. <br />