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Vesting of powers and property in the Corporation.
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2.—(1) On the appointed day the functions, powers, and duties of the council of the county borough of Waterford shall be transferred by virtue of this section to the Corporation and become and be functions, powers, and duties of the Corporation.
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(2) All real and personal property (including choses-in-action) which, immediately before the appointed day, is vested in the council of the county borough of Waterford shall, on the appointed day, be transferred by virtue of this section to and become and be vested in the Corporation.
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(3) The law in force at the passing of this Act in relation to the council of county boroughs shall, in so far as it is not inconsistent with this Act, apply to the Corporation, and for that purpose the Corporation shall be deemed to be the council of a county borough.
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(4) All and every of the powers, functions, and duties which shall, by or under any Act passed after the passing of this Act, be conferred or imposed on the council of the county borough of Waterford shall, as on and from the date on which such powers, functions, and duties are so conferred or imposed, become and be powers, functions and duties of the Corporation.
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(5) Whenever by or under any Act passed after the passing of this Act any powers, functions, or duties are conferred or imposed on the council of a county borough, borough, or urban district, such powers, functions and duties in so far as they relate to the council of the county borough of Waterford, shall, as on and from the date on which they are so conferred or imposed become and be powers, functions, and duties of the Corporation.
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(6) All powers, functions, and duties vested by statute in the Mayor in relation to any market, whether as clerk of the markets or otherwise, shall, as on and from the appointed day, become and be powers, functions, and duties of the Corporation.
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(7) All and every of the powers, functions, and duties of the Corporation shall be exercised and performed for and on behalf of the Corporation by the Council or the manager (as the case may require) subject to and in accordance with the provisions of this Act.
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