(65 ILCS 5/7-1-18)
(from Ch. 24, par. 7-1-18)
The municipality to which the whole of another municipality is
annexed under Section 7-1-16 and 7-1-17 shall assume and pay all debts and
liabilities, and shall perform all contracts of the annexed municipality.
Upon annexation, the title to all property which belonged to the annexed
municipality vests in the annexing municipality, to be held, however, for
the same purposes and uses, and subject to the same conditions as before
The annexing municipality shall assume and pay all debts and liabilities
and shall perform all contracts of all school districts and townships
wholly within the annexing municipality as it has been enlarged. The
annexing municipality is vested with the title to all property belonging to
all school districts and townships wholly within the enlarged annexing
municipality, to be held, however, for the same purposes and uses and
subject to the same conditions as before annexation.
If the bonds of the annexed municipality, or of any school district or
township now wholly within the enlarged annexing municipality, have been
registered with the State Auditor of Public Accounts, the county clerk of
the county wherein the annexing municipality is situated shall certify
forthwith the fact of the annexation to the State Auditor. The State
Auditor thereafter shall not certify any tax rate to the county clerk, nor
shall the county clerk thereafter extend any tax rate, for the payment of
the bonds, or interest thereon, merely upon the taxable property in the
municipality that has been annexed, or in the school district or township
that is wholly within the enlarged annexing municipality. All property in
the enlarged annexing municipality, without discrimination between the
territory in the annexed and the annexing municipalities, shall be subject
to taxation to pay the debts, bonds, and obligations of the municipality.
If a portion of a school district or township is within and a portion is
without the annexed municipality, the debts and liabilities of that school
district or township shall be paid and the property divided in the same
manner as is provided in Sections 7-1-31 and 7-1-32.
(Source: Laws 1961, p. 576.)