There is hereby established a separate account
in the Town Treasury known as the "Capital Improvements Fund." Moneys
may be appropriated into the Capital Improvements Fund by a majority
vote of any Town Meeting, and said moneys shall be kept segregated
from all other funds. Moneys may be appropriated from the Capital
Improvements Fund by a two-thirds vote of any Town Meeting for any
purpose for which the town would be authorized to borrow money under
of MGL c. 44, §§ 7 and 8, or take any other action
relative thereto.