§ 15-3-103 — Rights to remain in effect

No right of property accrued to any city or town, corporation or
person under any law previously in force is affected by a city
or town becoming a first class city. All ordinances not in
conflict with this chapter shall continue in force until amended
or repealed by the governing body. Any city or town becoming a
first class city retains all its trusts, rights, privileges and
indebtedness. All actions commenced by or against any city or
town which becomes a first class city shall be continued to
final judgment and satisfaction as if its status had not
changed.