The inhabitants of Chesapeake Beach, in Calvert County, Maryland, within the corporate limits legally established from time to time are hereby continued a body corporate by the name of "Chesapeake Beach" with all the privileges of a body corporate, by that name to sue and be sued, to plead and be impleaded in any court of law or equity, to have and use a common seal and to have perpetual succession, unless the charter and the corporate existence are legally abrogated. (Res., March, 1963, sec. 1; P.L.L. 1963, sec. 7.)