Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Chapter 450 of the acts of 1975 is hereby amended by striking out section 1 and inserting in place thereof the following section:-
Section 1. The Haverhill Firemen's Relief Association, a corporation duly established under the laws of the commonwealth, is hereby authorized, upon the retirement of any member in good standing, to pay to such member such sum, not exceeding one thousand five hundred dollars, as may be determined by vote of the directors of said corporation. Upon the receipt of such sum, such member shall cease to be a member of said association and shall not thereafter be eligible for any further benefits.
SECTION 2. This act shall take effect as of January first, nineteen hundred and eighty-eight.