Article I
   The municipal corporation now existing and known as the City of Waverly, Ohio, hereinafter in this Charter called the "City", shall be and continue to a body politic and corporate under the name of the City of Waverly and with the same boundaries as now exist with power and authority to change the boundaries and annex other territory contiguous thereto in the manner authorized by the laws of Ohio.
   The term "City" as used in this Charter shall be construed to mean the Municipality of Waverly, which was originally incorporated as a village and which subsequently became a city pursuant to the Constitution and laws of Ohio.