The City may alter its boundaries by annexing any territory adjoining its present or future boundaries in any size or shape desired in any manner provided by State law, with or without consent of the owners of such territory or the inhabitants thereof. The City may from time to time alter its boundaries by disannexing any territory adjoining its present or future boundaries by passages of an ordinance describing the territory being disannexed.
Any additional territory annexed to the City shall be a part of the City for all purposes, and the property situated therein shall bear its pro rata part of the taxes levied by the City as provided by the State law. The inhabitants of the annexed territory shall be entitled to all rights and privileges of all citizens and shall be bound by the acts, ordinances, and resolutions of the City.