The Board of Selectmen is authorized to accept or reject gifts which
may be offered to the Town, or any of its officers or agencies for
the benefit of the Town, of real and tangible (corporeal) personal
property, and specifically, but not limited to, coin, currency, money,
deposits in financial institutions, shares of stock, bonds and notes
or other securities, negotiable instruments, credits or evidences
of any interest in property or evidences of debt.
The Board shall reject any gift which contains terms or conditions
which, in its judgment, would impose upon the Town a duty to act or
prohibit the Town from acting in a manner not in the best interest
of the Town or is generally unreasonably restrictive.
The Board shall refer to the Town Meeting for acceptance or rejection
any gift which would require an annual appropriation of Town funds
raised by taxes to meet the terms or conditions of the gift or to
preserve and maintain the corpus of a gift of real property. The referral
by the Board of Selectmen to the Town Meeting shall include the following: