Any city adopting this Act shall succeed to
all the right, title and interest in property, of every kind, nature
or description, which was owned, held or enjoyed by the municipality
of which it is the successor. All ordinances and resolutions of the
City to the extent they are not inconsistent with the provisions of
this Act shall remain in full force and effect until modified or repealed
as provided by law. All contracts, bonds and other obligations theretofore
entered into by any city adopting this Act shall remain in full force
and effect.
For the purposes of this Act, a "general law"
shall be deemed to be any law or provision of law, not inconsistent
with this Act, heretofore or hereafter enacted which is by its terms
applicable or available to all municipalities, and the following additional
laws whether or not such additional laws are so applicable or available
to all municipalities: legislation relating to taxation, local courts,
education, health, public authorities serving more than one municipality,
and municipalities in unsound financial condition.