N.Y. Town Law § 203: Existing districts preserved

§ 203. Existing districts preserved. Districts now existing shall

continue as now established and shall have all the powers and be

governed in the same manner as provided in this act for districts

established pursuant to the provisions of article twelve. In the event

that any bonds shall have been issued by any town prior to the taking

effect of this act, taxes or assessments shall be levied and collected

for the payment of the principal and interest of said bonds as they

become due pursuant to and in accordance with the statutes and practice

relating to such matters in force immediately prior to the time this act

takes effect, except as the method of levying such taxes or assessments

may have been changed in accordance with the provisions of chapter three

hundred thirty-three of the laws of nineteen hundred thirty-four, and

the town board shall have all the powers with respect to such matters

conferred by such statutes upon any commissioners or commission

appointed, elected, or created pursuant to such statutes, or upon the

town board.