169. (1) On the commencement of this Ordinance, the Paurashava Ordinance, 1977 (Ord. XXVI of 1977), shall, in its application to be City of Chittagong, stand repealed. (2) Upon the repeal of the said Ordinance,-(a) the Chittagong Paurashava shall stand dissolved and the persons holding office as Chairman and Commissioners thereof cease to hold office;(b) all rules, regulations, by laws or orders made, notifications or notices issued, or licences or permissions granted under the enactment repealed under sub section (1), and in force immediately before the commencement of this Ordinance shall, in so far as it is not inconsistent with the provisions of this Ordinance continue in force and be deemed to have been respectively made, issued or granted under the provisions of this Ordinance until it is altered, repealed or amended under the said provisions;(c) all assets, rights, powers, authorities and privileges, and all property, movable and immovable, cash and bank balances, funds, investments and all other rights and interests in, or arising out of such property of the Chittagong Paurashava subsisting immediately before the commencement of this Ordinance shall stand transferred to and vest in the Corporation;(d) all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for Chittagong Paurashava before the commencement of this Ordinance shall be deemed to have been incurred, entered into or engaged to be done by, with or for the Corporation;(e) all budget estimates, assessments, valuations, measurements or schemes made by the Chittagong Paurashava shall, in so far as they are not inconsistent with the provisions of this Ordinance, continue in force and be deemed to have been made under the provisions of this Ordinance until it is altered, amended or superseded under the said provisions;(f) all taxes, rates, tolls, cesses, fees, rents and other sums of money due to the Chittagong Paurashava immediately before the commencement of this Ordinance shall be deemed to be due to the Corporation;(g) all taxes, rates, tolls, cesses, fees, rents, fares and other charges levied by the Chittagong Paurashava shall, until they are varied by the Corporation, continue to be levied at the same rate at which they were levied by them immediately before the commencement of this Ordinance;(h) every officer and other employee of the Chittagong Paurashava shall stand transferred to and become an officer or other employee of the Corporation with such designation as the Chief Executive Officer may determine and shall hold office or service in the Corporation on the same terms and conditions as were enjoyed by him immediately before the commencement of this Ordinance and shall continue to do so until his terms and conditions are duly altered under this Ordinance:Provided that no officer or other employee whose services are so transferred shall be entitled to any compensation because of such transfer:Provided further that an officer or other employee may, within such time as may be specified by the Corporation, exercise his option not to serve in the Corporation;(i) all suits, prosecutions and other legal proceedings instituted by or against the Chittagong Paurashava before the commencement of this Ordinance shall be deemed to be suits, prosecutions and proceedings by or against the Corporation and shall be proceeded or otherwise dealt with accordingly.