65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-15.1-4

(65 ILCS 5/11-15.1-4) (from Ch. 24, par. 11-15.1-4)

Sec. 11-15.1-4.

Any annexation agreement executed pursuant to this Division
15.1, or in conformity with Section 11-15.1-5 hereof, shall be binding upon the
successor owners of record of the land which is the subject of the agreement
and upon successor municipal authorities of the municipality and successor
municipalities. Any party to such agreement may by civil action, mandamus,
injunction or other proceeding, enforce and compel performance of the
agreement.

A lawsuit to enforce and compel performance of the agreement must be filed
within the effective term of the agreement or within 5 years from the date the
cause of action accrued, whichever time is later.

(Source: P.A. 89-432, eff. 6-1-96.)

65 ILCS 5/11-15.1-5

(65 ILCS 5/11-15.1-5) (from Ch. 24, par. 11-15.1-5)

Sec. 11-15.1-5.

Any annexation agreement executed prior to October 1, 1973 which was
executed pursuant to a two-thirds vote of
the corporate authorities and which contains provisions not inconsistent
with Section 11-15.1-2 hereof is hereby declared valid and enforceable as
to such provisions for the effective period of such agreement, or for 20
years from the date of execution thereof, whichever is shorter.

The effective term of any Annexation Agreement executed prior to the
effective date of this Amendatory Act of 1985 may
be extended to a date which is not later than 20
years from the date of execution of the original Annexation Agreement.

(Source: P.A. 84-835.)