The Department of Public Welfare is hereby abolished. All of its powers and duties shall hereafter be exercised and performed by the county institution district of the county in which the city is located, under the provisions of the “County Institution District Law,” approved the twenty-fourth day of June, one thousand nine hundred thirty-seven (Pamphlet Laws, two thousand seventeen).¹ All property of the city, real and personal, used in carrying on the functions of the Department of Public Welfare, and all records of said department, shall be transferred to the county institution district on the effective day of this act. All indebtedness of the city, whether current or bonded, incurred in the acquisition of any such property, shall continue the debt and obligation of the city and shall be paid by it.