5 (1) The following municipalities are dissolved on January 1, 2001: 1.  The Regional Municipality of Hamilton-Wentworth. 2.  The City of Hamilton. 3.  The Town of Dundas. 4.  The City of Stoney Creek. 5.  The Town of Ancaster. 6.  The Town of Flamborough. 7.  The Township of Glanbrook.  1999, c. 14, Sched. C, s. 5 (1). Rights and duties (2) The city stands in the place of the old municipalities for all purposes.  1999, c. 14, Sched. C, s. 5 (2). Same (3) Without limiting the generality of subsection (2), (a)  the city has every power and duty of an old municipality under any general or special Act, in respect of the part of the municipal area to which the power or duty applied on December 31, 2000; and (b)  all the assets and liabilities of the old municipalities on December 31, 2000, including all rights, interests, approvals, status, registrations, entitlements and contractual benefits and obligations, become assets and liabilities of the city on January 1, 2001, without compensation.  1999, c. 14, Sched. C, s. 5 (3). Same, debentures (4) Without limiting the generality of clause (3) (b), the city stands in the place of The Regional Municipality of Hamilton-Wentworth with respect to debentures issued by the regional municipality on which the principal remains unpaid on December 31, 2000, and the city is also responsible to pay any related debt charges that are payable on or after January 1, 2001.  1999, c. 14, Sched. C, s. 5 (4). Exception, emergency powers (5) Until the city council elected in the 2000 regular election is organized, each old municipality continues to have the powers it possesses on December 31, 2000, for the purpose of dealing with emergencies.  1999, c. 14, Sched. C, s. 5 (5). By-laws and resolutions (6) Every by-law or resolution of an old municipality that is in force on December 31, 2000 shall be deemed to be a by-law or resolution of the city council on January 1, 2001 and remains in force, in respect of the part of the municipal area to which it applied on December 31, 2000, until it expires or is repealed or amended to provide otherwise.  1999, c. 14, Sched. C, s. 5 (6). Official plans (7) Every official plan of an old municipality that is in force on December 31, 2000 shall be deemed to be an official plan of the city on January 1, 2001 and remains in force, in respect of the part of the municipal area to which it applied on December 31, 2000, until it is revoked or amended to provide otherwise.  1999, c. 14, Sched. C, s. 5 (7). Effect of this section (8) Nothing in this section authorizes the repeal or amendment of a by-law or resolution conferring rights, privileges, franchises, immunities or exemptions if the old municipality could not repeal or amend, as the case may be, the by-law or resolution.  1999, c. 14, Sched. C, s. 5 (8). Employees of old municipalities (9) A person who is an employee of an old municipality on December 31, 2000 and who would, but for this Act, still be an employee of the old municipality on January 1, 2001 is entitled to be an employee of the city or of one of its local boards on January 1, 2001.  1999, c. 14, Sched. C, s. 5 (9). Same (10) A person’s employment with an old municipality shall be deemed not to have been terminated for any purpose by anything in subsection (9).  1999, c. 14, Sched. C, s. 5 (10). Local Boards