Notwithstanding the provisions of any municipal charter, special act or home rule ordinance, any municipality may, by vote of its legislative body, establish a traffic authority and appoint one or more persons as members to serve on such traffic authority. The qualifications, terms of office and compensation, if any, of any such members shall be prescribed by such legislative body. A traffic authority established pursuant to this section shall replace any existing traffic authority in such municipality and have the same powers and duties as a traffic authority described in subparagraphs (A) to (C), inclusive, of subdivision (7) of section 14-297 .
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