Section 17. Vesting abatement and savings

(1) With effect from the date of the establishment of the Council, the predecessor Council shall cease to exist and abate and all its assets, liabilities, rights and obligations shall vest in the Council. (2) Notwithstanding the vesting and abatement of the predecessor council anything done or any action taken or continuing by the said predecessor Council, shall be deemed to have been taken and done or continued by the Council. (3) All suits and other legal proceedings instituted or defended or which might but for vesting and transfer under sub-section (1) have been instituted or defended by or against the predecessor Council may be continued or instituted or defended by or against the Council.