The City, as governed by this Revised Charter adopted at an election held on March 19, 1996, is declared to be the legal successor to the Village of Dublin and the City of Dublin as governed by the original Charter adopted at an election held on July 24, 1979. The City, under this Revised Charter, shall have title to all real and personal property owned by the Village of Dublin and the City of Dublin under the original Charter, including all funds on deposit and all taxes or assessments in process of collection, together with all accounts receivable and rights of action. The City, under this Revised Charter, shall be liable for all outstanding orders, contracts and debts of the Village of Dublin and the City of Dublin under the original Charter and any other obligations for which they may be held liable by any court of competent jurisdiction. All contracts entered into by the Village of Dublin and the City of Dublin or for their benefit prior to the effective date of this Revised Charter shall continue in full force and effect. All members of Council, members of all boards and commissions, the City Manager and all appointed officials and employees holding office or position of employment on the effective date of this Revised Charter shall continue in such office or position of employment subject in all respects to the provisions of this Revised Charter and legislation, rules or regulations enacted or promulgated under this Revised Charter.