*Sec. 2. Title of utility properties of Lubec to vest in district. At the time this act takes effect, the The title of Lubec to the entire plant, lands, property and franchises, rights and privileges, including all rents, water rights, dams, reservoirs, pipes, machinery, fixtures, hydrants, tools, apparatus and appliances used in connection with its water business, and also the property, franchises, property rights, privileges and assets, including land, poles, wiring, fixtures, machinery, apparatus and appliances used or capable of being used in connection with maintaining its electrical business, together with all unexpended funds credited to said the water and electric department and all bills receivable for water and electric services service, shall become remain the property of and vest in said the district in.__In consideration of the said district assuming all of the prior obligations of Lubec in connection with said the water and electric business and of said, the district paying shall pay the Town of Lubec for a term of 99 years the sum of $10,000 annually, in quarterly payments of $2,500 each, each year until and including the year 2051.

*Sec. 3. Powers of district. Said The district is hereby authorized, in addition to all the powers and rights conferred under section 1 hereof, to take, collect, store, flow, use, detain, distribute and convey to the town Town of Lubec or any part thereof of the town water from any lake, pond, stream, or river or from any surface or underground brook, spring or vein of water in said town the Town of Lubec and in the town of Trescott Township and from the Orange river River in Whiting, and is also authorized to locate, construct and maintain aqueducts, pipes, conduits, standpipes, hydrants, pumping stations and other necessary structures and equipment therefor necessary for the taking of water; and erect poles and lines and do all things necessary to furnish water, light and power for public purposes