The Municipality shall have perpetual succession and whenever by virtue of the Constitution and laws of the State of Ohio, the Village of Forest Park shall become a city, such city shall be deemed to be a continuation of the Village of Forest Park, identical therewith, but under the name of the City of Forest Park, and this Charter and all ordinances, resolutions, contracts, powers, and obligations shall continue with the same force and effect with relation to the City of Forest Park as to the Village of Forest Park, unless or until each shall be altered, amended or repealed under the authority of this Charter.