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4.—(1) On 1st April 1974 the Passenger Transport Authority established in accordance with the Designation Order shall be dissolved and all property, rights and liabilities of that Authority shall be transferred to and vest in the County Council of Greater Manchester (who by virtue of section 202 of the Act of 1972 become on that day the Passenger Transport Authority for the area of the County of Greater Manchester).
(2) The dissolution of the said Passenger Transport Authority as aforesaid shall not affect the validity of anything done by or to or in relation to that Authority before 1st April 1974, and insofar as any such thing has continuing effect on and after that date references to that Authority in any instrument or other document relating thereto shall be construed on and after that date as references to the County Council of Greater Manchester in their capacity as Passenger Transport Authority.
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