Sec. 8. Terms of trustees. After the election of the first board, trustees are elected to 3-year terms. Terms are staggered and no trustee may serve more than 4 3-year terms consecutively.

Sec. 9. Authorized to acquire property and franchises of Northport Village Corporation. The district, through its trustees, shall acquire by purchase in accordance with this section the plants, properties, franchises, rights and privileges owned by the Northport Village Corporation, including all lands, buildings, waters, water rights, reservoirs, tanks, standpipes, mains, pumps, pipes, machinery, fixtures, hydrants, meters, services, tools, equipment, apparatus and appliances used or usable in supplying water in the area of the district and all sewers, reservoirs, flush tanks, manholes, catch basins, filtration plants, pumping stations and other appliances and property used or usable for collecting, holding, purifying and disposing of sewage matter and waste waters.

The Northport Village Corporation existing pursuant to Private and Special Law 1915, chapter 136 shall sell, transfer and convey to the district by appropriate instruments of conveyance all, and not less than all, of their plants, properties, assets, franchises, rights and privileges, including, without limitation, lands, buildings, waters, water rights, springs, wells, reservoirs, tanks, standpipes, mains, pumps, pipes, machinery, fixtures, hydrants, meters, services, tools, equipment, apparatus and appliances used or useful in supplying water for domestic, commercial, industrial and municipal purposes, and all sewers, reservoirs, flush tanks, manholes, catch basins, filtration plants, pumping stations and other appliances and property used or usable for collecting, holding, purifying and disposing of sewage matter and waste waters in consideration of the assumption by the district of all of the outstanding water-related and sewer- related debts, obligations and liabilities of the Northport Village Corporation, including, without limitation, the assumption of any outstanding water-related and sewer-related notes or bonds of the Northport Village Corporation that are due on or after the date of transfer.

The sale and transfer by the Northport Village Corporation to the district of its plants, properties, assets, franchises, rights and privileges; the assumption by the district of all of the outstanding debts, obligations and liabilities of the district pursuant to this section; and the subsequent use of the plants, properties, assets, franchises, rights and privileges by the district within the limits of the district are subject to the