[Adopted 8-26-1974 STM, Art. 15 (Ch. V of the Revised Bylaws)]
There shall be a Finance Committee, which shall consider any
and all financial questions for the purpose of making reports or recommendations
to the Town, said Finance Committee to be made up of five members
to be elected and to serve as follows: two to serve for one year,
two for two years and one for three years from the date of the annual
meeting at which they are elected. Thereafter, when the term of any
member expires, his successor shall be elected to serve for three
years. In all cases the members shall serve until their successors
are elected and qualified.
The members of the Committee shall, after each Annual Election,
elect one of their members to act as Chairman for the ensuing year.
Before any Town Meeting the warrant for which calls for the
expenditure of money or the disposal of any Town property, the Finance
Committee shall hold at least one public hearing at which all persons
interested may be heard on any article contained in the warrant, and
said Committee shall make due report thereon at the Town Meeting.
Whenever a vacancy occurs in the Committee, by resignation,
failing to qualify or otherwise, the same shall be filled in accordance
with MGL c. 41, § 11.
The Finance Committee shall meet quarterly to review receipts
and expenditures of all departments under its jurisdiction.
