§ 1.04. Extension of boundary by city council.

The city council shall have power by ordinance to provide for the alteration and extension of said boundary limits by the annexation of additional territory lying adjacent to the city with or without the consent of the owners of the territory or the inhabitants annexed. Upon the passage of any such ordinance, the boundary limits of the city shall thereafter be as established in such ordinance and when any additional territory has been so annexed, same shall be a part of the City of The Colony and the property situated therein shall bear its pro rata part of the taxes levied by the city, and the inhabitants thereof shall be entitled to all of the rights, privileges, and responsibilities of citizens of the city and shall be bound by the acts, ordinances, resolutions and regulations of the city.