178. As of the time the majority of candidates elected to positions on the council of a related municipality in an election referred to in section 121 have made the oath under section 313 of the Act respecting elections and referendums in municipalities (chapter E‐2.2), the council may perform the acts normally performed in anticipation of the start of a fiscal year, such as adopting the budget and the related by-laws and resolutions, as well as other acts whose effective date is delayed, however, until the date on which the city is reorganized. The same applies, with the necessary modifications, to any borough council.
In the case of a reconstituted municipality, the council exists, for the purposes of the performance of those acts, as if the municipality existed between the time referred to in the first paragraph and the date on which the city is reorganized.