The Municipality now existing in the County of Cuyahoga, State of Ohio, and known as Glenwillow shall continue to be a body politic and corporate under the name of the Village of Glenwillow. If and when the Municipality of Glenwillow shall, under the Constitution and the general laws of the State of Ohio, become a city, it shall be known as the City of Glenwillow, and wherever in this Charter the work "Village" appears, it shall then be construed to read "City," and the provisions of this Charter shall apply whether this Municipality is a Village or a City.