§ 266. Payment for machinery, tools, equipment and implements. After
the authorization of the purchase of machinery or equipment as
prescribed in section one hundred forty-two, the town board may direct
and authorize the supervisor to complete the purchase of such machinery
or equipment. If bonds or notes are issued for the purchase of such
machinery, willful failure of the town superintendent to include the
amount of such a maturing bond or note and interest thereon in his
highway estimate shall be reason for removal from office. The amount of
such bond or note and the interest thereon shall be included in the
estimate of the town superintendent required by section one hundred
forty-one of this chapter to be prepared and filed by him in the year
immediately preceding the due date of such obligation. The estimate or
estimates of the town superintendent, including the amount or amounts
required to pay such bonds or notes, shall not exceed the limitation
prescribed in section two hundred seventy-one of this chapter.

Provided, however, that the town board at the meeting thereof at which
the annual estimate is adopted, may appropriate from the unexpended
balance of money raised or received for the repair or improvement of
town highways, or from any other funds based on the estimate of the town
superintendent, a sum sufficient to pay a part or all of any bonds or
notes and interest thereon, not exceeding the amount earned by such
machine, machines or equipment, for the total number of hours actually
used upon the highways at the hourly rate fixed by the state
commissioner of transportation, provided, that no more than half the
amount of such bonds or notes may be paid from the moneys raised or
received for the repair or improvement of highways, and the amount
appropriated by the town board shall be deducted from the amount
included in the estimate of the town superintendent.