(a) The City of Harrah, Oklahoma, within the corporate limits as now established, or as hereafter may be established, shall be a municipal body politic and corporate in perpetuity under the name of "City of Harrah." The City is the legal successor of the Town; and as such, it succeeded to and possesses all the property and rights belonging to the Town, and shall be liable for all debts and other obligations for which the Town was legally bound at the time of the succession in government.
(b) The City of Harrah, Oklahoma, may not be annexed by or to, or be consolidated with, any other city or political subdivision, or merged into a combined county-city government, unless a majority of the qualified electors of the City of Harrah voting on the question approve such annexation, consolidation, or merging; and such questions may be submitted to the qualified electors of the City only by vote of the majority of the City Council, of by the Mayor on proper initiative, at special election; provided that nothing herein shall prohibit the City of Harrah from annexing additional territory to the City as provided by law.