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Preservation of continuing contracts.
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9.—Every bond, guarantee, or security of a continuing character entered into or made by to or with the commissioners and in force immediately before the passing of this Act, and every contract or agreement (other than a contract of service) made between the commissioners and another person, and not fully executed and completed before the passing of this Act, shall, notwithstanding anything contained in this Act, continue in force, but shall be construed and have effect as if the name of the corporation were substituted for the name of the commissioners, and such security, contract or agreement shall be enforceable by or against the corporation accordingly.
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