There shall be an Industrial Commission, known as the "Industrial Commission of the Town of Newton," consisting of seven members appointed by the Council. Of the original appointees, one member shall be appointed for one year, one member for two years, one member for three years, two members for four years, and two members for five years. At the expiration of each of the above terms, the new member or members shall be appointed for a term of five years. All appointments to fill vacancies shall be promptly filled by appointment by the Council for the unexpired term thereof. Members shall serve for their respective terms and until their successors are appointed and qualify. Members of the Industrial Commission shall choose annually from among its members a Chairman or President and such other officers as it may deem necessary. The Mayor shall be an ex officio member of the Industrial Commission.
The Industrial Commission shall have the power to:
A. 
Inquire into, survey and publicize the extent, advantages and utility of vacant land of the Town.
B. 
Classify such vacant land according to its adaptability for the settlement thereon of various types of industrial enterprises.
C. 
Study and analyze the various industries with a view to ascertaining the opportunities for industrial expansion in the Town.
D. 
Recommend to the Manager advertising the industrial advantages and opportunities and the availability of real estate in the Town and encourage and accomplish industrial settlement within the Town.