Sec. 8. Issuance of bonds or notes requires prior approval of electors present at financial town meeting.
   Notwithstanding the foregoing provisions of this chapter [this article] no bonds or notes shall be issued hereunder in excess of amounts approved from time to time by vote of a majority of the electors present, entitled to vote and voting on the question at an annual or special financial town meeting. Upon such vote of approval of an amount of bonds, unless the issuance of temporary notes shall be specifically prohibited by the terms of said vote, temporary notes shall be issuable under section 5 hereof to the same amount. Pending the issue of bonds so authorized or of the notes, general funds of the town may be used for the purposes of the bonds to the extent of the amount of bonds so voted. The general funds shall be replenished without interest within one (1) year after such use from the proceeds of the bonds or notes. (P.L. 1958, ch. 138, § 1.)