The inhabitants of the Village may alter the bounds of the Village with the written consent of the persons whose residence or property will be included or excluded thereby, such written consent and alteration being first recorded in the office of the Town Clerk of the Town of Newbury, and with the approval of the Town of Newbury as evidenced by the majority vote of the Town in Town meeting duly warned. If the Town of Newbury votes such approval, the consent, alteration, and the vote of the Town of Newbury shall be recorded in the office of the Clerk of the Village, and upon such recording, the alterations in the bounds of the Village so made shall become effective. (Added 1937, No. 301, § 2.)