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. There shall be in the town of North Attleborough the office of treasurer-collector. The treasurer-collector shall have all 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 the 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 with the approval of the board of selectmen.

SECTION 3. This act shall take effect upon its passage.