(a) A town which is a member of a consolidated water district may vote to withdraw from said district if one year has elapsed since said district has become a body politic and corporate as provided in section 3342 of this title and if said consolidated water district has not voted to bond itself for construction or improvements.

(b) When a majority of the voters of a town present and voting at a town meeting duly warned for that purpose shall vote to withdraw from a consolidated water district such vote shall thereupon be certified by the clerk of the town to the Secretary of State who shall thereupon record such certificate in his or her office, and the membership of the withdrawing town in the consolidated water district to be at an end as of December 31 immediately following or as soon thereafter as the obligations of said withdrawing district as incurred under this chapter have been paid to the district.

(c) A vote of withdrawal taken after a consolidated water district has become a body politic and corporate as provided in section 3342 of this title but less than one year after said date shall be null and void. A vote of withdrawal from a consolidated water district taken after said district has voted to bond itself for construction or improvements shall be null and void. (1964, No. 20 (Sp. Sess.), § 15, eff. March 10, 1964.)