The Municipality now existing in the County of Cuyahoga, State of Ohio, and known as Highland Heights shall continue to be a body politic and corporate under the name of the Village of Highland Heights. If and when the Municipality of Highland Heights shall, under the Constitution and the general laws of the State of Ohio, become a city, it shall be known as the City of Highland Heights, and wherever in this Charter the word "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.