§ 3. Existing Ordinances, Rules and Terms of Office.

Existing ordinances and resolutions of the Town of Thunderbolt not inconsistent with the provisions of this charter shall continue in effect until they have been repealed, modified or amended by the town council. Existing rules and regulations of departments or agencies of the town not inconsistent with the provisions of this charter shall continue in effect until they have been repealed, modified or amended. Existing terms of office of elected officials of said town shall continue until the first officials elected under this charter have taken office. Existing elected officials shall continue to draw, until the expiration of their current respective terms of office, the same salaries and expenses or other compensation that each of them respectively drew or were entitled to draw for their municipal services immediately prior to the enactment of this Act, and their respective salaries or other compensations shall be as determined by the council.