Sec. 5. P&SL 1963, c. 146, §18, as amended by P&SL 1971, c. 61, is further amended by adding at the end a new paragraph to read:

The adoption of rate schedules is governed by the requirements of the Maine Revised Statutes, Title 38, section 1252, subsection 1.

Sec. 6. Emergency clause; referendum; effective date. In view of the emergency cited in the preamble, this Act takes effect when approved, except that section 4 of this Act takes effect only for the purpose of permitting its submission to the voters of the Town of Waldoboro at an election to be called and held for that purpose by December 31, 2006. The election must be called, advertised and conducted according to the law relating to municipal elections, except that the registrar of voters is not required to prepare or the clerk to post a new list of voters. For the purpose of registration of voters, the registrar of voters must be in session the secular day preceding the election. The subject matter of section 4 of this Act is reduced to the following question:

"Do you favor changing the charter of the Waldoboro Utility District to modify the purposes for which its rates are charged to allow for the creation of reserve accounts?"

The voters shall indicate by a cross or check mark placed against the word "Yes" or "No" their opinion of the same.

The results of the election must be declared by the municipal officers of the town and due certificate of the election must be filed by the town clerk with the Secretary of State.

Section 4 of this Act takes effect for all purposes immediately upon acceptance by a majority of the voters of the Town of Waldoboro. Failure to achieve the necessary approval does not prevent subsequent elections held prior to December 31, 2006.

Effective pending referendum.