Section 1.01. Incorporation. The inhabitants of the City of Wauchula, Florida, as its limits now or as the same may be hereafter established shall continue to be a body politic under the municipal corporate name of Wauchula, and as such shall have perpetual succession.

Section 1.02. General powers. The city commission of the City of Wauchula, as the governing body pursuant to the provisions of Article VIII, Section 2(b) of the state constitution and the provisions of the Municipal Home Rule Powers Act, Chapter 73-129, Laws of Florida, has the power to enact any legislation concerning any subject matter upon which the state legislature may act except when expressly prohibited by law and shall have the governmental corporate and proprietary powers to enable it to conduct municipal functions and render municipal services and exercise any powers for municipal purposes as provided by law except where expressly prohibited by law.

Section 1.03. Title, rights reserved; contract binding; officers continue to serve; ordinances continue in effect. The title, rights of ownership of property, uncollected taxes, dues and claims, judgments, decrees and choices of actions held by or owned by the City of Wauchula, Hardee County, Florida, shall continue to be vested in the municipal corporation under this Amended Charter and no obligation or contract shall be impaired or void, but shall be binding under the newly Amended Charter which is hereby created, and all assessments heretofore made are hereby declared to be valid and binding and all bonds heretofore issued are hereby declared valid and binding obligations of the City of Wauchula, and all officers now holding office shall continue to hold their respective office until their successors are elected and qualify under the provisions of this Amended Charter; and all existing ordinances not in conflict with the Amended Charter shall continue in effect and unimpaired until repealed, amended or modified by the municipality under the provisions contained in this Amended Charter.