The two members of Council holding unexpired terms under the village statutory form of government shall continue as members of Council under this Charter until January 1, 1968. All other persons holding office at the time this Charter takes effect shall continue in office, and in the performance of their duties until provisions shall have been otherwise made in accordance with this Charter for the performance or discontinuance of the duties of any such office. When such provision shall have been made, the term of any officer shall expire and the office be deemed abolished. The powers which are conferred and the duties which are imposed upon any officer, commission, board, department, or division of the Municipality under the laws of the State, or under any municipal ordinance or contract in force at the time of the taking effect of this Charter shall, if such office, commission, board, department, or division is abolished by this Charter, be thereafter exercised and discharged by the officer, commission, board, department, or division upon whom are imposed corresponding functions, powers, and duties by this Charter or by any ordinance or resolution of the Council thereafter enacted.