The Board for the Abatement of Taxes shall consist of the Board of Trustees, President, Clerk, and Treasurer thereof, and justice of the peace and listers residing therein. The act of a majority of a quorum at a meeting shall be treated as the act of the Board. The above requirement in respect to a quorum need not be met if the President, Clerk, Treasurer, and a majority of the trustees are present at the meeting. Said Board shall have the power to abate taxes assessed by vote of said corporation, and the power of said Board to abate taxes shall be subject to the same limitations, and may be exercised for the causes, as stated in 24 V.S.A. § 1535.