Section 17-1720. Fire districts; preservation of fire districts, fire protection districts and fire alarm districts

1. In every such  village
  any  fire  districts  created  or  organized under the provisions of the
  county law, shall be merged in and consolidated with  such  village  and
  shall become a part of such village for fire protection purposes and all
  buildings, engines, fire apparatus, and other property belonging to such
  fire  district  shall  be  vested  in  such  village  and maintained and
  administered by it as a part of the fire protection system thereof.  All
  the  powers  and duties of the commissioners of such fire district shall
  be and are hereby devolved upon and transferred to the board of trustees
  of such village. For the purpose of paying the principal and interest of
  any bonds of any such fire district which may be outstanding and  unpaid
  at  the  date  of  the  incorporation  of any such village, the board of
  trustees of such village shall levy, assess and  collect  upon  all  the
  taxable  property  in such village, a tax sufficient to pay the interest
  thereof as the same accrues and  sufficient  also  to  provide  for  the
  payment of the principal of such bonds at maturity.
    2. At any time after the date the report of incorporation is delivered
  to  the secretary of state pursuant to section 2-232 of the village law,
  and prior to the first day of June following the first  day  of  January
  next  succeeding the date of incorporation, the board of trustees of any
  village in which a majority of the electors has approved  a  proposition
  submitted  to the voters in accordance with subdivision three of section
  17-1708 hereof, may adopt a local law providing that any fire  district,
  fire   protection   district,   fire  alarm  district  or  any  district
  functioning pursuant to section one hundred eighty-six of the  town  law
  which is located wholly or partly within the boundaries of such village,
  shall  continue to function in all respects whatsoever, and all officers
  and employees of such entity shall continue to hold  their  offices  and
  exercise  their  powers  and  duties,  as  though  such village were not
  incorporated.
    3. In the event that the board of trustees adopts a local law pursuant
  to subdivision two of this section, then notwithstanding  any  provision
  of  sections  2-252, 2-254, 2-256, 2-258, 17-1704, 17-1720 or 17-1726 of
  the village law, any such fire district, fire protection district,  fire
  alarm  district  or  any  district  functioning  pursuant to section one
  hundred eighty-six of the town law which is  located  wholly  or  partly
  within  the  boundaries  of such village, shall continue to function, in
  all respects whatsoever, and all officers and employees of  such  entity
  shall  continue  to  hold  their  offices  and exercise their powers and
  duties, as though such village were not incorporated.