The citizens of the City of Frederick, in Frederick County, Maryland, are hereby constituted a body corporate by the name of “The City of Frederick,” and by that name shall have perpetual succession, sue and be sued, have and use a common seal which may be altered at pleasure, and have all powers and privileges incident to or that may attach to a municipal corporation. The repealing of the former Section 195 of Article 11 of the 1930 edition of the Code of Public Local Laws of Maryland, and the enactment of this new section, shall not be construed as terminating the existence of the corporation known as “The Mayor and Aldermen of Frederick,” and creating a new corporation by the name of “The City of Frederick,” but shall be construed as continuing the existence of the corporation known as “The Mayor and Aldermen of Frederick,” and changing its name to that of “The City of Frederick.” (Acts 1951, ch. 539, § 1)