§ 1.3. — Rights and Liabilities:

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By the name of the City of Steamboat Springs, the municipal corporation shall have perpetual succession; shall own, possess, and hold all property, real and personal, heretofore owned, possessed and held by the Town of Steamboat Springs, and shall assume and manage and dispose of all trusts in any way connected therewith; shall succeed to all rights and liabilities and shall acquire all benefits and shall assume and pay all bonds, obligations and indebtedness of the Town of Steamboat Springs; may sue and defend, plead and be impleaded in all courts and places and in all matters and proceedings; may purchase, receive, hold and enjoy, or sell and dispose of real and personal property; may have and use a common seal and alter same at pleasure.

                    
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