Section 1. The Selectmen shall be agents of the town to institute, prosecute, and defend any and all claims, actions and proceedings to which the town is a party or in which the interests of the town are or may be involved.
Section 2. The Selectmen may at their discretion compromise or settle any claim or suit to which the town is a party, which does not require the payment by the town of an amount in excess of three hundred dollars ($300.00). No settlement of a claim or suit obliging the town in an amount in excess of three hundred dollars ($300.00) shall be made, except as authorized by law, without the consent of the town meeting.
Section 3. The Selectmen in their annual report shall state what actions have been brought against and on behalf of the town, what cases have been compromised or settled, and the current standing of all suits at law involving the town or any of its interests.
Section 4. The Selectmen shall annually in May after final adjournment of the annual town meeting, appoint a member of the bar in good standing to serve as Town Counsel for the term of one year from the first day of June following and until his successor is appointed and enters upon the performance of his duties. They shall likewise fill any vacancy in said office for the unexpired term, and may employ special counsel to assist the said Town Counsel whenever, in their judgment, necessity therefor arises.