There shall be established a committee known
as the "Woodbridge Investment Committee."
The Committee shall manage, control, invest
and reinvest all trust and special funds which the Town has acquired,
or hereafter may acquire, by bequest, trust, will or other devise.
The Committee shall consist of five members:
a member of the Board of Selectmen designated by said Board; a member
of the Board of Finance designated by said Board; the Treasurer of
said Town; and two resident members at large, knowledgeable in investment,
to be appointed by the Board of Selectmen. The members shall serve
until their successors are appointed and take office.
The member of the Board of Selectmen, the member
of the Board of Finance, and the Treasurer shall serve for terms consistent
with their elective or appointed terms.