(70 ILCS 1205/3-5) (from Ch. 105, par. 3-5)
Sec. 3-5.
In case of annexation of an entire park district by another park
district under Section 3-4 hereof, any indebtedness, contract or liability
of the park district so annexed shall be assumed and paid by the district
so annexing and said district so annexing shall be vested with the title
and ownership of all the property of the district annexed. Upon such
annexation the commissioners and officers of the annexed district shall
immediately close up the business of said district and transfer to the
annexing district all books, records, property, and revenues collectible,
of the district so annexed, whereupon their terms of office shall expire.
(Source: Laws 1951, p. 113.)
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