§ 203. Laws repealed. Chapter forty-two of the laws of nineteen hundred nine, entitled "An act relating to navigation, constituting chapter thirty-seven of the consolidated laws," and chapter two hundred and ninety-two of the laws of nineteen hundred forty, entitled "An act relating to navigation on and use of the waters of Lake Placid" and all acts and parts of acts amendatory of or supplemental to any of such chapters or sections and all acts or parts of acts inconsistent with the provisions of this chapter are hereby repealed. The repeal of chapter forty-two of the laws of nineteen hundred nine as amended, and chapter two hundred and ninety-two of the laws of nineteen hundred forty shall not operate or be construed to terminate any license heretofore issued thereunder or affect the rights of any person holding such a license; nor shall such repeal affect any action or proceeding now pending in any court, or any act done or right accruing, accrued or acquired, or penalty, forfeiture or punishment inflicted pursuant to such chapters, or either of them, prior to the date this act takes effect; but the same may be asserted, enforced, prosecuted or inflicted as fully and to the same extent as if this act had not been passed, or such chapters had not been repealed.