In Appelget v. Baird, 126 Vt. 503, 508, 236 A.2d 671, 674 (1967), the Court found a town's attempt to withdraw from a district within one year to be a nullity under this section 1 and recognized that "it is the peculiar nature of a union school district's beginnings that there are always other towns or districts simultaneously involved, whose rights, duties and obligations are . . . at stake. With such an intertwining of interests, the unrestricted application of the general right to reconsider may create an impossibly confused situation . . . ."