On and after the time this Charter shall become effective, the City shall be vested with all the real and personal property, moneys, contracts, rights, effects, records, files, books, papers and all other property of every name and nature belonging to the Township of Ecorse. No right or liability, either in favor of or against the said Township, existing at the time this chapter (Charter) shall become effective, and no suit or prosecution or other legal proceedings of any kind, shall be in any manner affected by the incorporation of the Township as a City, but the same shall stand or proceed as if no such change had been made. All debts and liabilities of said Township shall be the debts and liabilities of the City. All taxes and special assessments levied and uncollected at the time of the change from the Township to the City form of government, and all fines and penalties imposed prior thereto, shall be collected by the City. All licenses, permits and franchises granted by said Township, in force when this Charter takes effect, shall remain in full force and effect until the expiration of the time for which they were respectively granted. When a different remedy is given in this Charter or in any ordinance pursuant thereto, which can be made applicable to any rights existing at the time this Charter becomes effective, the same shall be deemed cumulative to the remedies before provided, and may be used accordingly.