A. 
The electors of the Town of West Greenwich shall assemble annually a Financial Town Meeting at a date, time and place to be established by the Town Council, said date and time to be set by the Council no later than February 1 of each year, with the meeting to take place no later than the third Monday in June. The purpose of the annual Financial Town Meeting shall be for the imposing of a tax, for providing for the expenditure of such sums of money as may be necessary to pay the Town's debts and interest thereon, for the support of Town services for the ensuing fiscal year, for the expenditure of funds from any source for all other lawful purposes, and for transacting such other business as may lawfully come before such meeting.
B. 
No money shall be drawn from the general fund, nor from moneys in any other Town fund, during the fiscal year, except pursuant to appropriations made by the electors at the annual or at a special Financial Town Meeting, subject to the exception provided for emergency appropriations in Section 507 below. This prohibition shall not be interpreted to restrict the Town Treasurer from making transfers of funds for investment purposes. The general fund is hereby defined as the general Town account into which all receipts are deposited and from which moneys are withdrawn pursuant to Town Meeting appropriations, as distinguished from any and all specially designated accounts established by or with the approval of the Town Meeting as the depository for moneys received and to be expended for specifically designated purposes.
The annual Financial Town Meeting may be recessed to a subsequent date by vote of the electors present; provided, however, that if any such recess is for more than 15 days, the warrant or so much thereof as remains to be considered, shall be reposted in the manner provided by law for the original posting. Special Town Meetings may be called by the Town Council or by petition of 10% of the electors of the Town and shall be warned and limited as to subjects to be considered as provided in Sections 45-3-6 and 45-3-7, as amended.
The warrant for any Town meeting shall be prepared and the meeting shall be warned as provided by law. Warrant items may be grouped to be moved and voted on as a unit; provided, however, that the electors may amend or vote separately on individual items in such grouping. The order of items to be considered at the meeting may be changed by a two thirds vote of the electors present and voting. The listing and text of the warrant items to be voted on shall be posted with the warrant.
The Town Moderator shall have all of the authority conferred upon moderators by State law in conducting and managing the business of Town meetings. The Moderator shall conduct Town meetings in accordance with a parliamentary manual which the Moderator shall designate prior to the meeting. The quorum for any Town meeting shall be not less than 25 of the electors of the Town of West Greenwich. Pursuant to the State open meetings law, the Moderator shall grant permission for the admission of persons who are not electors of the Town; provided, however, that all such persons may be seated in an assigned area apart from the seating for electors, and shall have no right to vote, and no right to speak except with the specific permission of the Moderator.
No motion which increases or reduces an appropriation recommended by the Town Council by $10,000 or more, shall be in order at the Financial Town Meeting unless notice of intention to include such motion has been presented to the Town Clerk at least 15 days prior to the date set for the meeting at which such motion is to be considered. The warrant of the Financial Town Meeting shall include notice of any such motion.