Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The charter of the town of Amesbury which is on file in the office of the archivist of the commonwealth, as provided in section twelve of chapter forty-three B of the General Laws, is hereby amended by striking out section 3-7 and inserting in place thereof the following section:-
Section 3-7. Amesbury Hospital Trust Commission. - (a) Composition. There shall be a hospital trust commission consisting of five members elected for three year terms so arranged that nearly in equal number of terms as possible shall expire each year.
(b) Powers and Duties. The hospital trust commission shall have full authority over the trust funds of the Amesbury hospital in the town's possession or received as provided in sections forty-five to forty-seven, inclusive, of chapter forty-one of the General Laws.
SECTION 2. Notwithstanding the provisions of section one, the incumbents in the office of trustees on the effective date of this act shall serve as members of the trust commission until the expiration of their terms unless sooner vacated.
SECTION 3. Notwithstanding the provisions of section twenty of chapter forty-four of the General Laws, the town of Amesbury is hereby authorized to apply from the surplus proceeds of bonds issued on June first, nineteen hundred and ninety-three in the amount of one hundred twenty-eight thousand four hundred and fifty dollars per year to reduce the amount added to its tax levy pursuant to a debt-exclusion, so-called, approved by the voters on June twenty-second, nineteen hundred and ninety-three for each of the fiscal years beginning July first, nineteen hundred and ninety-four through July first, two thousand and two.
SECTION 4. This act shall take effect upon its passage.