Except as otherwise provided by this Charter, all contracts, orders, leases, bonds and other obligations or instruments entered into by the City of Lexington or the County of Fayette shall continue in full force and effect according to the terms thereof as obligations and rights of the Urban County Government.
All right, title and interest in all real and personal property vested in the City of Lexington and the County of Fayette on the effective date of this Charter shall be vested in the Urban County Government.
No pending action or proceeding of any nature (whether civil, criminal, judicial, administrative or other) by or against the City of Lexington and the County of Fayette or an agency or department thereof shall be abated or otherwise affected by the adoption and implementation of this Charter. To that end, the Urban County Government shall stand substituted as a party in lieu of said former governments.