Sec. 1. P&SL 1937, c. 34, §8, 2nd ¶, last sentence, as enacted, is repealed.

Sec. 2. P&SL 1937, c. 34, §8, 3rd ¶, as amended by P&SL 1969, c. 34, §§2 and 3, is repealed and the following enacted in its place:

As soon as convenient after the initial members of the board are chosen, the trustees shall hold a meeting at the town councilor's office in the Town of Hampden, to be called by one of the trustees upon reasonable notice as the trustee determines proper.__They shall organize by the election of a president and clerk, adopt a corporate seal and, when necessary, may choose a treasurer and all other needful officers and agents for the proper conduct and management of the affairs of the district.__ They may also ordain and establish bylaws as are necessary for their own convenience and the proper management of the affairs of the district.__The trustees of said district holding office at the effective date of the act continue to hold office until the annual town meeting of the inhabitants of the Town of Hampden next following the expiration of the current term of office of each trustee.

At the annual town meeting of the inhabitants of the Town of Hampden to be held in the year 1970, and at each annual town meeting after that date, the inhabitants shall choose the trustees of the district for a term of 5 years.__The trustees must be nominated and elected under the same procedure as provided for the town councilors of the town.

The term of office of the trustees begins on the 3rd Thursday of January.__In the event a vacancy arises in the membership of the board of trustees, the unexpired term of the vacant office must be filled by the Town Council of the Town of Hampden.__When any trustee ceases to be a resident of the district, the trustee shall vacate the office of trustee and the vacancy must be filled pursuant to this section.__All trustees are eligible for reelection, but a person holding the office of town councilor or road commissioner in the Town of Hampden is not eligible for nomination or election as trustee.__The trustees may procure an office and incur expenses as may be necessary.__The compensation of the trustees and the treasurer of the board of trustees is determined by the board of trustees.__At the close of each fiscal year, the trustees shall make a detailed report of their doings, of the receipts and expenditures of the water district, of its financial and physical condition and of any other matters and things pertaining to the district that will show the inhabitants of the district how the trustees are fulfilling the duties and