[Added 5-5-1997 STM, Art. 21]
The Board of Selectmen shall not enter into any binding obligations, commitments, contracts, memorandums of agreement, or formal expressions of interest which encumber the Town of Stoughton or any of its agencies, departments, boards, commission, agents, employees, or services with any regional vendors, authorities, commissions, agencies, or business enterprises for more than three years without having first received a majority vote of the Town meeting; said vote to be on an article which specifically addresses the period of the contract, financial obligation of the Town, manner of financing, managerial authority which will expend such funds, and any other relevant information which can affect the fiscal condition and liability of the Town.