Section 149-52 - Debt and bonded debt for Town improvements(a) Authorization for any long-term debt shall be granted by the voters at an annual or special Town meeting duly authorized for that purpose. As used in this section, "long-term" means a period of indebtedness greater than five years.(b) An article requesting authorization to incur long-term debt can only be placed on the warning by a vote of four Selectboard members.(d) Articles requesting authorization for long-term debt shall be warned in accordance with State statute.(e) The Town Treasurer shall be authorized, subject to the approval of the Selectboard, to incur short-term debt in anticipation of taxes for funding.24 Appendix V.S.A. § 149-52