(65 ILCS 5/2-1-4) (from Ch. 24, par. 2-1-4)
Sec. 2-1-4.
All rights and property of every kind and description, which
were vested in any municipality, shall vest in the same city or village
upon its incorporation under this Code. No change in corporate organization
shall affect adversely any existing rights in favor of or liabilities against
any municipality. No suit or prosecution of any kind that involves any municipality
shall be affected by any change in corporate organization of the municipality,
but the suit or prosecution shall stand and progress as if no change in
corporate organization had been made. However, when a change in corporate
organization of any municipality makes applicable a provision in this Code
that gives a different remedy, the remedy shall be cumulative to the remedies
before provided.
(Source: Laws 1961, p. 576.)
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