(1) 
Composition. There is established a Town port authority, consisting of 7 members who are appointed as hereinbefore provided in this charter, having such powers and performing such duties as provided by law.
(2) 
Terms. Members serve terms of 5 years and until their successors are appointed and qualified.
(3) 
Term limits. No member may serve more than 2 consecutive terms of 5 years. Any member who has served 2 consecutive terms of 5 years is ineligible to serve on the board for a period of 1 year. Computation of term limits commences with the first term of 5 years following the effective date of this provision and does not include service prior to the said effective date.
Transition clause: Members of the Port Authority appointed by the Town Council serving as of the effective date of this provision continue for the duration of the terms last appointed.
The port authority has conferred upon it such powers as are conferred upon port authorities by statute, and has the power to:
(1) 
Plan for the maintenance and development of the port, harbor and navigable tidal waters within the jurisdiction of the Town, in order to foster and stimulate commercial and recreational use of these areas; and
(2) 
Aid in the development of salt water fisheries and associated industries; ship and boat building, repair and storage and associated industries; pleasure boating, swimming and other associated recreational uses of these areas and facilities; and
(3) 
Be custodian of municipally-owned wharves, docks, piers and landings; and
(4) 
Make such rules and regulations touching municipally-owned wharves, docks, piers and landings, harbors, harbormasters, and the conduct of its business, as necessary; and, set a fee schedule for the uses thereof.
The Town Manager is authorized and empowered to appoint and set compensation for a harbor master with the advice and consent of the port authority. The harbormaster will enforce the directives of the authority, such as the placement of moorings, the assignments of anchorage areas and the movement of traffic, and the use of municipally-owned wharves, docks, piers and landings, under operational direction of the authority.
NOTE: This supersedes, repeals, and replaces, Maine Private & Special Law 1961, Chapter 163, as amended in Private and Special 1963, Chapter 97 § 2, and Private and Special 1993, Chapter 26 § 1.