The inhabitants of so much of the County of Kanawha as is within the bounds prescribed by Section Two of this Charter, and their successors, shall be and remain, and they are hereby made and constituted a body politic and corporate by the name of "The City of Dunbar," and as such shall have perpetual succession and a common seal, and by that name shall sue and be sued, plead and be impleaded, purchase, lease and hold real estate and personal property, and do all other things necessary for the purposes of said incorporation.