Section 225. Saving clause

The repeal of the laws as specified in section
  two hundred twenty-seven and any other provisions of this chapter, shall
  not affect or impair any contract or remedy, or  any  act  done  or  any
  right   accruing,  accrued  or  acquired,  taxes,  tax  obligations,  or
  exemptions from  taxation,  the  validity  of  or  rights  as  to  taxes
  collected  or  proceeds  thereof  or the validity as to any acts done or
  rights or exemptions accruing, accrued or acquired under any  tax  laws,
  general,  local  or  special,  or  any penalty, forfeiture or punishment
  under or by virtue of the laws so repealed and in existence prior to the
  time when this chapter or any section thereof takes effect, but the same
  may be asserted, enforced, prosecuted or inflicted and for such purposes
  all of the laws specified in section two hundred twenty-seven are hereby
  continued in full force and effect.