Acceptance of this Act replaces the position of the Town Administrator with the creation of a Town Manager. The Town Manager will serve as the chief executive and fiscal officer, overseeing the day-to-day management of the Town. Appointed by the Board of Selectmen, the Town Manager will be responsible for hiring and supervising most Town employees, except those of the School Department. Acceptance of this Act will not affect the composition or status of elected boards. These boards will retain their policy-making functions and will approve the hiring of the department managers under their jurisdiction. The Board of Selectmen will continue to appoint Town Counsel, and all other boards, commissions, and committees as it presently appoints. The changes to the town charter will become effective 185 days after being approves by a majority of voters of the Town voting at the November 2, 2004 election.