Title and all other incidents of ownership of the following assets are hereby transferred to and vested in the utility; all properties, interests and physical and intangible rights of every nature owned or held by the city, however acquired, insofar as they relate to or concern surface water, further including, without limitation, all properties, interests, and rights acquired by adverse possession or by prescription, directly or through another, in and to the drainage or storage, or both, of surface water, through, under, or over lands, watercourse, sloughs, streams, ponds, lakes, and swamps, all beginning in each instance at a point where surface water runoff first enters the system of the city and ending in each instance at a point where the surface water runoff exits from the system of the city, and in width to the full extent of inundation caused by storm or flood conditions. (Ord. 1813 § 1, 1991)