Section 3
SEC. 3. Corporate Powers of the City. -The City constitutes a political body corporate and as such is endowed with the attributes of perpetual succession and possessed of the powers which pertain to a municipal corporation to be exercised in conformity with the provisions of this Charter. The City shall have the following corporate powers: To have continuous succession in its corporate powers; To sue and be sued; To have and use a corporate seal; To acquire and convey real or personal property; To enter into contracts; and To exercise such other powers, prerogatives and authority as are granted to corporations, subject to the limitations provided for in this Act and other laws.