(ii)that the term for which such Councillor would have held office, if this Act and not been enforced, the remaining Councillors of the [Municipality] [Substituted vide Orissa Act No. 11 of 1994 w.e.f. 31.5.1994.] shall be deemed to have been duly elected under this Act and that the [Municipality] [Substituted vide Orissa Act No. 11 of 1994 w.e.f. 31.5.1994.] shall consist of such number of Councillors and no more; and