The Capital Improvement Fund shall be used for the construction or improvement of any town-owned property, including, but not limited to, streets, thoroughfares, and sewers, but shall not include salaries of any public officials or employees, except that chargeable to the improvements. The funds may also be used to retire any general obligation bonds of the town issued for the purpose of the construction of an improvement.
('86 Code, § 2-152) (Ord. 65-3142B, passed 9-13-65)