By the name of the City of Greenwood Village, the municipal corporation shall:

(a) Have perpetual succession;

(b) Own, possess, and hold all property, real and personal, previously owned, possessed and held by the City.

(c) Assume, manage and dispose of all trusts legally assigned, granted or devised to the city;

(d) Succeed to all the rights and liabilities of the City;

(e) Acquire all benefits and assume and pay all bonds, obligations, and indebtedness of the City;

(f) Have power to sue and defend, purchase, lease, receive, hold and enjoy, or sell and dispose of real and personal property;

(g) Have a common seal and alter the same at pleasure. (Amended at election held Nov. 6, 1990)