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The adoption of this Charter shall not affect any right, obligation or liability, either in favor of or against the City, existing at the time of its effective date, nor any pending civil, criminal or administrative proceeding involving or relating to the City. All rights and property of every description and location which were vested in the City immediately prior to the effective date of this Charter, shall continue to be vested in the City, and all monies in the City treasury on the date this Charter takes effect shall be credited to the several funds to which they belong.