§ 48. Treasurer's reports and annual financial statement.

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The treasurer shall report to each stated meeting of the council the amount of cash then on deposit to the order of the town, and in what depositories deposited, and shall annually at the end of each fiscal year publish, either in the newspapers or by posting in front of the treasurer's office, a statement showing all the receipts and income of the said town and from what sources, and all disbursements made and for what purpose.

                    
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