It is enacted by the General Assembly as follows:

SECTION 1. Section 2 of Chapter 22 of the Public Laws of 1985, as amended, is hereby further amended to read as follows:

Sec. 2. Membership and appointment authority. -- The economic development commission shall consist of five (5) members who are residents of the town of Hopkinton. All members serving on the effective date of this act shall continue to serve until the expiration of their terms. Thereafter, members shall be appointed for five (5) year terms upon the expiration of each member's term. A vacancy in the membership shall be filled by the town council for the remainder of the unexpired term. Any member may be removed by the town council for good and sufficient cause following a public hearing.

The economic development commission shall organize annually by electing a chairman, vice-chairman, treasurer and a secretary. The commission shall meet on a regular basis at the call of the chairman. The presence of three (3) members shall constitute a quorum.

The commission may adopt bylaws for the performance of the duties prescribed in this act, and it shall abide by the provisions of chapter 42-46 of the general laws, entitled "Open Meetings".

SECTION 2. This act shall take effect upon passage.