The North Conway Water Precinct is hereby authorized and empowered to take, or purchase, at a fair and equitable valuation, the property rights, and franchises of the North Conway Water and Improvement Company consisting of its works, structures, fixtures, property rights, and franchises, and estate of whatever nature, for the purpose of supplying said precinct with an adequate supply of pure water in subterranean pipes, for domestic, fire, park, sewerage, and such other purposes as water may be required in said precinct; and upon taking or purchasing the property of said North Conway Water and Improvement Company said precinct shall be and is hereby invested with the franchises, rights and powers, granted the said North Conway Water and Improvement Company by Chapter 196 of the Laws of 1891 or by any other statutes of this state.
- Section 2-a. Said precinct is further authorized to construct, enlarge, improve, maintain and operate a sewerage system or systems and sewage and waste treatment facilities.
- Section 2-b. Said precinct is further authorized to maintain and operate a fire department for the extinguishment of fires and to maintain and support recreational activities and programs. The acts of said precinct and its officers in maintaining and operating its fire department and in maintaining and supporting recreational activities and programs are hereby legalized, ratified and confirmed.
- Section 2-c. Said precinct is further authorized and empowered to raise and appropriate money for the establishment of capital reserve and expendable trust funds. Said precinct shall be vested with all the rights and powers, and privileges incidental thereto.