The City of Glendale, as successor in interest of the municipal
corporation of the same name, hereto-fore created and existing shall
own, hold, possess, use, lease, control, and in every way succeed
to and become the power of all rights and all property of every kind
and nature by said existing municipal corporation owned, controlled,
possessed, or claimed, and shall be subject to all the debts, obligations,
liabilities, dues and duties of said existing corporation.