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• • • LAWS OF FLORIDA 2185 under this Act. And no obligation or contract of said City shall be impaired by this change, and all obligations, debts, bonds, time warrants, notes and other lawful obligations of every kind, nature or description heretofore incurred, executed, issued or sold by said City of Vero Beach shall be, and the same are, hereby declared to be the valid and binding obligations of the City of Vero Beach created under this Act. Section 5. All ordinances, resolutions, rules and regulations now in force in the City of Vero Beach, not in conflict with the pro- visions of this Act or the Constitution of the United States or of the State of Florida, shall remain of full force and effect until re- scinded, repealed or amended by the City of Vero Beach created under this Act. And all laws now in force or that may hereafter be enacted by the Legislature of the State for the benefit and pro- tection of cities and towns, which may not conflict with the pro- visions of this Act, shall enure to and be applicable to the City of Vero Beach. Section 6. All contracts entered into by the City of Vero Beach, and all pending legal proceedings of every kind and character, either by or against the City of Vero Beach, or in which the City of Vero Beach is interested, instituted prior to the passage of this Act, and all pending proceedings for public work or improvements by the City of Vero Beach, of every kind and character, whether or not the same shall result in the levying of general or special taxes or assessments, or the issuance of warrants or certificates of indebt- edness or bonds or notes, shall continue in full force and effect and shall not bo affected in any manner by the provisions of this Act. Section 7. No vested right or rights acquired or held by any individual or corporation under and by virtue of the existing char- ter, ordinances, resolutions, rules, regulations and contracts of the City of Vero Beach shall be abridged, nullified or abolished by this charter. Section 8. The corporate authority of said City shall be vested in a Mayor, City Council, Clerk, Tax Collector, Tax Assessor, Treas- urer, Marshal and Registration Officer; and the City Council is hereby authorized and empowered to create, by ordinance, such other and additional officers, with such powers and duties, as it deems advisable. The City Council is hereby authorized and em- powered to abolish the office of City Treasurer of said City pro- vided the same shall not become effective until after the expiration of the term of office of the present incumbent. I o �.