Section 203. Laws repealed

Chapter  forty-two  of  the  laws  of nineteen
  hundred nine, entitled "An  act  relating  to  navigation,  constituting
  chapter  thirty-seven of the consolidated laws," and chapter two hundred
  and ninety-two of the laws of nineteen hundred forty, entitled  "An  act
  relating  to navigation on and use of the waters of Lake Placid" and all
  acts and parts of acts amendatory of or  supplemental  to  any  of  such
  chapters or sections and all acts or parts of acts inconsistent with the
  provisions  of  this  chapter are hereby repealed. The repeal of chapter
  forty-two of the laws of nineteen hundred nine as amended,  and  chapter
  two  hundred  and ninety-two of the laws of nineteen hundred forty shall
  not operate or be construed to terminate any license  heretofore  issued
  thereunder  or  affect  the rights of any person holding such a license;
  nor shall such repeal affect any action or proceeding now pending in any
  court, or any act done  or  right  accruing,  accrued  or  acquired,  or
  penalty,  forfeiture  or punishment inflicted pursuant to such chapters,
  or either of them, prior to the date this act takes effect; but the same
  may be asserted, enforced, prosecuted or inflicted as fully and  to  the
  same extent as if this act had not been passed, or such chapters had not
  been repealed.