Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. The first sentence of section 3 of chapter 533 of the acts of 1991, as appearing in section 2 of chapter 115 of the acts of 1995, is hereby amended by striking out the word "seven" and inserting in place thereof the following word:- five.

SECTION 2. Section 4 of said chapter 533, as amended by section 3 of said chapter 115, is hereby further amended by striking out the second sentence and inserting in place thereof the following two sentences:- The town treasurer shall serve as treasurer of the authority. Three members of the authority, shall constitute a quorum and an affirmative vote of three members shall be necessary for any action taken by the authority, except that a smaller number may adjourn any meeting to a specified time and place.

SECTION 3. This act shall take effect upon its passage.