That all the freemen of this State, inhabitants of said New Haven, Panton, and Ferrisburgh dwelling and inhabiting within the following bounds, viz: beginning on the line between Ferrisburgh and New Haven at the southeast corner of the town plot in said Ferrisburgh, from thence running north, 320 rods, to a stake and stones; from thence west, 400 rods, to a stake and stones; from thence south across Otter Creek 480 rods, to a stake and stones standing in Panton; from thence east across Otter Creek, 400 rods to a stake and stones standing in New Haven; from thence north, 160 rods, to the bounds first mentioned, including the waters of said Otter Creek within the preceding limits be, and the same is hereby ordained, constituted, and declared to be, from time to time, and forever hereafter one body politic and corporate in fact and in name, by the name of the City of Vergennes, and that by that name they and their successors forever shall and may have perpetual succession, and shall be persons in law capable of suing and being sued, pleading and being impleaded, in all suits of what nature soever; and also to purchase, hold, and convey any estate real or personal, and may have a common seal, and may change and alter the same at a pleasure, and shall be freemen of said City.