(a) A town that is a member of a consolidated sewer district may vote to withdraw from the district if one year has elapsed since the district has become a body politic and corporate as provided in section 3673 of this title and if the consolidated sewer district has not voted to bond itself for construction or improvements. Any vote to withdraw before the expiration date of one year or after the district has voted bonds or other form of long term obligation shall be null and void.

(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 sewer district, the 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 sewer district shall be at an end as of December 31 immediately following or as soon thereafter as the obligations of the withdrawing town as incurred under this chapter have been paid to the district. (1967, No. 318 (Adj. Sess.), § 15, eff. March 22, 1968.)