Section 1.05  SUCCESSION.
   The city shall continue to own and possess all property, real and personal, property rights heretofore owned, possessed or held by the city, interest, uncollected taxes, franchises, claims, judgments, and may sue and be sued. The city shall assume, manage, and dispose of all trusts in any way connected therewith and may purchase, receive, hold and enjoy or sell and dispose of any real and personal property.
(Ord. 92-28, passed 9-17-92)  (Adopted by electorate 11-3-92)