Dissolution of the Cholera Research Laboratory
30. On the commencement of this Ordinance, the Cholera Research Laboratory, in this section referred to as the CRL, shall notwithstanding anything contained in any other law for the time being in force, or in any other instrument or in the agreement under which it was established, stand dissolved and upon the such dissolution-
(a) all assets and liabilities of the CRL shall stand transferred to, and vested in, the Centre.
(i) The term “assets” includes all rights, powers, authorities and privileges, cash and bank balances, grants and all other interests and rights, in or arising out of, such property and all books of accounts, registers, records and all other documents or whatever nature relating thereto, and all properties, movable and immovable which were owned, used and/or possessed by the CRL other than land and buildings thereupon wherever they may be situated.
(ii) The term “liabilities” shall be limited to all obligations to claims on behalf of ex-employees of the CRL at the time of dissolution for compensation or under existing employment agreements or other contractual arrangements and vendors of goods and services to the CRL.
(b) all officers, employees, consultants, advisors, and other staff of the CRL shall hold their respective offices on the same terms and conditions and with the same rights and privileges which were enjoyed by them immediately before the commencement of this Ordinance and shall continue to do so until the same are duly altered by the Board.