23. Every by-law, resolution, order, roll or procès-verbal which governed the territory before its erection as a city or town municipality, and every contract entered into by the former corporation, shall continue in force; and the council of the new municipality shall be vested, in respect thereof, with the same powers and subject to the same obligations as the council of the former municipality, saving any provision to the contrary in any special Act.
R. S. 1964, c. 193, s. 21.