§ I. [Town created; to have perpetual succession; may have common seal, contract and sue and be sued.]

There is hereby created and established a municipal corporation under the name of Town of Cinco Bayou, Okaloosa County, Florida, within the boundaries hereinafter designated. The said municipal corporation shall have perpetual succession, may use a common seal, may contract and be contracted with and may sue and be sued and be impleaded in all the courts of this state and in all matters whatsoever.