633. Every regulation, resolution, order or ordinance passed, every agreement or deed signed and every commitment made by an existing school board remain in force, to the extent they are consistent with this Act and as long as their object has not been carried out or until they are amended, replaced or repealed by the new school board succeeding to the existing school board.
For the purposes of the first paragraph, the new school board is subrogated in the rights and obligations of the existing school board.