Sec. 2. Powers; authority; duties. The district has all the powers and authority and is subject to all the requirements and restrictions provided in the Maine Revised Statutes, Title 35-A, chapter 64.

Sec. 3. Additional powers. The district is authorized to enter into contracts with appropriate entities to arrange for, or provide, continued service to existing customers of the Fryeburg Water Company who are located outside the territory of the district to the extent permitted under and in accordance with applicable laws and rules.

The district is authorized to sell water to bulk water exporters, subject to the requirements of applicable laws and rules and town ordinances and with the approval of the town's planning board.

Sec. 4. Power to take water. The district is authorized to take, to hold and to convey within the Town of Fryeburg and from any part of the town water from any surface or groundwater source within the town.

Sec. 5. Number of trustees. The board of trustees of the district is composed of 5 trustees. The trustees must be residents of the district but need not use the district services.

Sec. 6. Election of first board. The first board is elected in an election called by the municipal officers of the Town of Fryeburg by the voters in accordance with this Act. The terms of the first board are governed by the Maine Revised Statutes, Title 35- A, section 6410.

Sec. 7. Terms of trustees. After the election of the first board, trustees are elected to 3-year terms.

Sec. 8. District authorized to acquire property and franchises of Fryeburg Water Company. The district, through its trustees, may acquire by purchase the Fryeburg Water Company and the entire plant, properties, franchises, rights and privileges owned by the Fryeburg Water Company, located within the district,