§ 10.12. Continuance of Contracts and Preservation of Rights.

All laws previously enforced governing suits, taxes, penalties, fines, forfeitures, and all other rights, claims and demands of every kind and character which have accrued in favor of the City shall belong to and vest in the City and shall not end by reason of the adoption of this Charter. The laws under which they shall have accrued shall be deemed to be in full force and effect. The budget and all ordinances, rules and regulations of the City shall be and remain in effect, subject to the terms of this Charter and the future discretion and vote of the City Council. All present commissions, boards and officers of the City shall continue in office subject to the provisions of this Charter including but not limited to the provisions governing election, removal and the City Council's exercise of authority conferred by this Charter.