After the execution, recording, and filing of any declaration or contract executed pursuant to §§ 11-5-1 and 11-5-2 , the terms and conditions of the same may be enforced by action at law or by suit in equity brought by any person possessing any interest in the land affected by such declaration or contract or in any part of such land, or such action or suit may be maintained by the first or second class municipality within which such land is situated.
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