5. With effect from the appointed date-
(a) all the immovable property vested in the Board by section 34 of the Anuradhapura Preservation Board Act (hereinafter referred to as the " Board Act ") or acquired for such Board under the Land Acquisition Act in accordance with the provisions of section 15 of the Board Act, other than any such property in the possession or charge of any Government Department or leased or deemed to be leased by the Board under section 14 of the Board Act, is hereby transferred to and vested in the local authority within whose administrative limits such property is situated and any such property vested in such local authority which is immovable property of the State vested in the Board subject to any conditions shall be held by that local authority subject to those conditions; |
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(b) all the rights, debts, liabilities and obligations of the Board on that day, other than in respect of any lease referred to in paragraph (a) of this section, in so far as they relate to each local authority, are hereby transferred to that local authority; |
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(c) the installations, equipment and other property of the Board installed, maintained and operated within the Area of Authority of the Board for the purpose of generating, transmitting and supplying energy and the power house belonging to such Board situated outside the administrative limits of the Urban Council are hereby transferred to and vested in the Urban Council, and |
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(d) all contracts, deeds, bonds, agreements and other instruments which relate wholly or partly to each local. authority and which subsist or have effect on that day and to which the Board is a party, other than any contract of employment with any officer or servant of such Board or any lease bond referred to in paragraph (a), shall, to the extent to which they relate to each such local authority, have effect against or in favour of such local authority as fully and effectively as if., instead of the Board, the local authority concerned had been a party thereto. |
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