By and in the corporate name, the City shall have perpetual succession; shall have and exercise all powers, functions, rights and privileges now or later given or granted to, and shall be subject to all the duties, obligations, liabilities and limitations now or later imposed upon, municipal corporations of the same class, by the constitution and laws of the State of Washington, and shall have and exercise all other powers, functions, rights and privileges usually exercised by, or which are incidental to, or inhere in, municipal corporations of like character and degree. The City shall have all powers possible for a City to have under the constitution and laws of this state as fully and completely as though they were specifically enumerated in this charter.