§ 17-1720 Fire districts; preservation of fire districts, fire protection districts and fire alarm districts. 1. In every such village any fire districts created or organized under the provisions of the county law, shall be merged in and consolidated with such village and shall become a part of such village for fire protection purposes and all buildings, engines, fire apparatus, and other property belonging to such fire district shall be vested in such village and maintained and administered by it as a part of the fire protection system thereof. All the powers and duties of the commissioners of such fire district shall be and are hereby devolved upon and transferred to the board of trustees of such village. For the purpose of paying the principal and interest of any bonds of any such fire district which may be outstanding and unpaid at the date of the incorporation of any such village, the board of trustees of such village shall levy, assess and collect upon all the taxable property in such village, a tax sufficient to pay the interest thereof as the same accrues and sufficient also to provide for the payment of the principal of such bonds at maturity.

2. At any time after the date the report of incorporation is delivered to the secretary of state pursuant to section 2-232 of the village law, and prior to the first day of June following the first day of January next succeeding the date of incorporation, the board of trustees of any village in which a majority of the electors has approved a proposition submitted to the voters in accordance with subdivision three of section 17-1708 hereof, may adopt a local law providing that any fire district, fire protection district, fire alarm district or any district functioning pursuant to section one hundred eighty-six of the town law which is located wholly or partly within the boundaries of such village, shall continue to function in all respects whatsoever, and all officers and employees of such entity shall continue to hold their offices and exercise their powers and duties, as though such village were not incorporated.

3. In the event that the board of trustees adopts a local law pursuant to subdivision two of this section, then notwithstanding any provision of sections 2-252, 2-254, 2-256, 2-258, 17-1704, 17-1720 or 17-1726 of the village law, any such fire district, fire protection district, fire alarm district or any district functioning pursuant to section one hundred eighty-six of the town law which is located wholly or partly within the boundaries of such village, shall continue to function, in all respects whatsoever, and all officers and employees of such entity shall continue to hold their offices and exercise their powers and duties, as though such village were not incorporated.