§11.05   SUCCESSION.

   The City of Fairfield under this Charter is hereby declared to be the legal successor of the City of Fairfield under the laws of Ohio; and shall have title to all property, real and personal, owned by its predecessor, including all monies on deposit and all taxes or assessments in process of collection, together with all accounts receivable and rights of action. The City shall be liable for all outstanding orders, contracts and debts of its predecessor, and any other obligations for which it may be held liable by any court of competent jurisdiction. All contracts entered into by the City or for its benefit prior to January 1, 1980 shall continue in full force and effect.