(1) Before the transfer date the Commissioners shall discharge such of their liabilities as are capable of immediate discharge and may, with the consent of the Water Authority, dispose of any property.
(2) Notwithstanding the provisions of article 4 the Commissioners shall subsist after the transfer date but only for the purposes of winding-up their affairs and the Commissioners holding office on the transfer date shall, subject to the incidence of occasional vacancies, continue in office for those purposes.
(3) After the transfer date the Commissioners shall take all necessary action to perfect the transfer effected by article 3.
(4) When the Commissioners have wound up their affairs, they shall by resolution declare that their affairs have been wound up and the Commissioners shall on the making of that resolution be dissolved.
(5) The accounts of the Commissioners shall be made up to the day on which the Commissioners are dissolved and shall be audited in the like manner and subject to the like incidents and consequences as if this Order had not been made.
(6) The Water Authority shall pay the costs reasonably incurred under paragraphs (3) to (5).