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 approval of the Public Utilities Commission as may be required by the Maine Revised Statutes, Title 35-A, Part 1.

Sec. 10. Continuation of Northport Village Corporation. Nothing in this Act is intended to alter or affect or may be interpreted as altering or affecting the Northport Village Corporation Charter.

Sec. 11. Referendum; effective date. This Act takes effect when approved only for the purpose of permitting its submission to the eligible voters of the Northport Village Corporation at its annual meeting and to the legal voters within the territory described in section 1 of this Act at elections called for that purpose and held within one year of the effective date of this Act. The elections must be called, advertised and conducted according to the law relating to municipal elections, except that the registrar of voters is not required to prepare or the clerk to post a new list of voters. For the purpose of registration of voters, the registrar of voters must be in session the secular day preceding the election. The subject matter of this Act is reduced to the following questions. The question to be submitted to the eligible voters of the Northport Village Corporation must read as follows:

"Do you favor permitting the Bayside Utilities District to acquire the water-related and sewer-related assets of the Northport Village Corporation?"

The question to be submitted to the legal voters within the district must read as follows: