(70 ILCS 1260/4) (from Ch. 105, par. 157)
Sec. 4.
Park commissioners having the control of any public park or
pleasure ground adjoining any street, avenue or alley under the control of
any city, town or village shall have the power under this Act to pay to
such city, town or village such sum or sums of money, out of the proceeds
of the sale of said bonds, not to exceed, however, a total amount of one
hundred thousand dollars ($100,000), as may be necessary for the purpose of
discharging any valid existing indebtedness of such park commissioners
arising from any agreement or agreements made by such park commissioners,
with such city, town or village prior to the adoption of this Act, for the
improvement and repair of any such public street, avenue or alley.
(Source: Laws 1919, p. 694.)
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