SECTION 1. The charter of the town of Oxford, which is on file in the office of the archivist of the commonwealth as provided in section 12 of chapter 43B of the General Laws, is hereby amended by striking out section 9-6-1 and inserting in place thereof the following section:-
Section 9-6-1. A development and industrial commission of 5 members shall be appointed by the town manager for 5 year overlapping terms in accordance with section 8A of chapter 40 of the General Laws.
SECTION 2. Notwithstanding section 1, the incumbent members of the development and industrial commission on the effective date of this act shall continue to hold office and to perform the duties thereof until the expiration of the term for which they were appointed.