(a)

(1) When the county court shall have made the order mentioned in § 14-39-102, the charter, and all amendments thereto, of any such municipal corporation shall be deemed to be surrendered and repealed and shall then cease to exist.

(2) The population and territory thereof theretofore governed under and by virtue of the charter and the amendments thereto shall then be resolved back into the body of the state.

(3) All offices theretofore held under, and by force of, the charter and the amendments thereof shall be abolished.

(4) All power of taxation, in any form whatever, theretofore vested in, or exercised by, the authorities of the municipal corporation by virtue of its charter and the amendments thereto shall then be forever withdrawn and reserved to the General Assembly.

(5)

(A) The public buildings, squares, promenades, wharves, streets, alleys, parks, fire engines, hose and carriages, horses and wagons, engine houses, engineer instruments, and all other real, personal, or mixed property theretofore used or held by the municipal corporation for municipal purposes shall be transferred to the custody and control of the state, to remain public property as it has always been for the uses to which the property has been applied.

(B) The county court of the counties, in which the extinct municipal corporations, respectively, were situated, shall take immediate possession of and control the same until otherwise provided by law.

(b) From and after the surrender and repeal of the charter as provided in this section, no person holding office under and by virtue of the charter of the municipal corporation shall exercise or attempt to exercise any of the powers or functions of that office.