The Municipality now existing in the County of Cuyahoga, State of Ohio, and known as the Village of Pepper Pike shall continue to be a body politic and corporate under the name of Pepper Pike, with the same boundaries as now exist, but with power and authority to change its boundaries in the manner authorized by the laws of Ohio, except that no territory shall be detached from or annexed to the Municipality, nor shall the Municipality be annexed to, or merged with, any other body politic, nor shall the corporate existence of the Municipality be terminated, without the consent of the Council of the Municipality and of a majority of its electors voting on such question at a general election.