18. (1) Upon the constitution of the Board under section 3, the Telegraph and Telephone Board Ordinance, 1975 (Ord. XLVII of 1975), hereinafter referred to as the said Ordinance, shall stand repealed. (2) Upon the repeal under sub-section (1),-(a) the Telegraph and Telephone Board established under the said Ordinance, hereinafter referred to as the dissolved Board, shall stand dissolved;(b) all assets, rights, powers, authorities and privileges, and all properties, movable and immovable, including lands, buildings, works, workshops, machinery, leases, leaseholds, licences, cash and bank balances, funds and investments of the dissolved Board and all other rights and interests in, or arising out of, such property shall stand transferred to, and vested in, the Government for the purposes of the Board;(c) all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for the dissolved Board immediately before its dissolution shall be deemed to have been incurred, entered into or engaged to be done by, with or for Government for the purposes of the Board;(d) all rates, charges and fees levied by the dissolved Board shall, until they are varied by the Board, continue to be levied at the same rate at which they were levied immediately before the constitution of the Board;(e) all suits and other legal proceedings instituted by or against the dissolved Board immediately before its dissolution shall be deemed to be suits and proceedings by or against the Government and shall be proceeded or otherwise dealt with accordingly;(f) (i) every person in the service of the Republic who were required to serve the dissolved Board under clause (e) of section 7 of the said Ordinance shall stand transferred to the Board on the same terms and conditions of service as were applicable to them immediately before their transfer to the dissolved Board;(ii) every person other than those mentioned in sub-clause (i) who were serving under the dissolved Board shall, notwithstanding anything contained in any contract or agreement or in the terms and conditions of service, stand transferred to the Board and they shall be deemed to be officers or, as the case may be, employees of the Government appointed by it on such terms and conditions as may be determined by the Government or, until so determined, on the same terms and conditions as were applicable to them in the dissolved Board:Provided that any such person may, within such time as may be specified by the Government, exercise his option not to continue in the service.