Sec. 1. Calais school district, incorporated. Subject to the provisions of section 7, the Calais School District, referred to in this Act as the "district" is established as a body politic and corporate and includes the inhabitants and territory within the City of Calais. The purposes of the district are, for the benefit of the inhabitants of the city, acquiring properties within the City of Calais for school and related athletic and recreational purposes; erecting, enlarging, equipping and maintaining on those properties school buildings and related athletic and recreational facilities with the right to lease or let those properties to the City of Calais; and maintaining and improving other school buildings in the district and maintaining elementary and secondary schools.

Sec. 2. Authority to receive property from City of Calais. The district is authorized to receive from the City of Calais and the City of Calais is authorized to transfer and convey to the district any real, personal or mixed property owned or held by the City of Calais for school purposes and any sum of money or other assets that the City of Calais raises or borrows for school purposes.

Sec. 3. Trustees, how chosen; organization; compensation. The affairs of the district are managed by a board of trustees composed of 3 members who hold office a period of 3 years from the date of their appointment except as otherwise provided by this Act. The trustees must be chosen by the municipal officers of the City of Calais. A trustee must be a resident of the City of Calais. A trustee who ceases to be a resident of the City of Calais vacates the trustee's office. A vacancy upon the board of trustees occurring because of expiration of the official term of 3 years, a trustee's moving from the city, resignation or death or for any other cause must be filled by the municipal officers of the City of Calais in the same manner in which that original member was chosen.

When the term of office of a trustee expires, a successor must be appointed by the municipal officers of the City of Calais. The trustees shall elect from their membership a president, clerk and treasurer, adopt a corporate seal and do all other acts, matters and things necessary to perfect the district. The trustees may employ officers and agents as the trustees determine necessary for the proper conduct and management of the affairs of the district.

The trustees serve without compensation, except the treasurer may receive an amount to be fixed by the board of trustees not to exceed $100 per year for services performed for