Section 714 - Annexation after election approving proposition1. Upon the filing of the certificate or certificates of election approving the proposition together with the notice of entry of a final judgment of a court or of the approving orders of the governing boards of the affected local governments, the governing board or boards of the local government or governments to which such territory is to be annexed shall forthwith by local law, and without any hearing thereon, annex to such local government the territory described in the petition. In the case of a municipality consisting of wards, councilmanic districts or other subdivisions from which representation on any elective board or body is selected, such local law shall designate the wards, councilmanic districts or other such subdivisions within which the territory so annexed shall be included, which local law shall be adopted without referendum notwithstanding any inconsistent general, special or local law.2. A local law annexing territory to a local government pursuant to this section shall specify the date on which such annexation shall become effective, giving due regard to the taxable status dates of all the local governments to which and from which such territory is so annexed and to the fiscal years of such local governments for which taxes, special ad valorem levies or special assessments are imposed. Such date shall be no earlier than the date of filing such local law in the office of the secretary of state.