The trustees of said corporation shall have the power to lay out, alter, maintain, or discontinue any street or walk and lane in said Village, and appraise and settle the damage therefor, causing their proceedings to be recorded in the Town Clerk's office in said Town; provided that the trustees, in laying out, altering, and maintaining, or discontinuing, any such street, walk, or lane, shall be subject to the same regulations, and in all respects shall proceed in the same manner, as selectmen of towns in like cases; and any party aggrieved shall be entitled to the same redress to which they would be entitled if the same had been done by the selectmen of the Town of Ludlow.