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 office of the collector-treasurer for the town of Swansea is hereby established. The treasurer-collector shall have the powers, perform the duties and be subject to the liabilities and penalties now or hereafter conferred as imposed by law on town treasurers and town collectors of taxes.
SECTION 2. Notwithstanding section 1, the incumbents in the offices of town treasurer and collector upon the effective date of this act shall continue to hold offices and perform the duties thereof until the expiration of the terms for which they were elected. The first treasurer-collector shall be elected at the first town election following the effective date of this act and the expiration of the terms of the incumbent treasurer and collector; but if the same person holds both offices on the effective date of this act, then the position of treasurer-collector shall take effect immediately upon the approval of the board of selectmen, the term to expire at the 2007 annual town election.
SECTION 3. This act shall take effect on April 12, 2005.