Article 7 Contracts to be binding

All purchases, sales, conveyances, deeds, contracts and agreements entered into or made by the Council and in force at the vesting day shall be as binding and of as full force and effect in every respect against or in favour of the Company as they have heretofore been against or in favour of the Council and may be enforced as fully and effectively as if instead of the Council the Company had been a party thereto.