(70 ILCS 1515/8) (from Ch. 105, par. 333.36)
Sec. 8.
The indebtedness of the several superseded park districts as
evidenced by their official records and described in section one of this
act is declared to be the legal and binding obligation of said several
superseded park districts in the amounts therein described, respectively,
and when assumed by the Chicago Park District as herein provided, and
refunding and/or funding bonds shall have been issued in lieu thereof as
authorized by this act, such bonds will constitute the legal and binding
obligation of the Chicago Park District for the payment of which all
taxable property therein will be liable.
(Source: Laws 1935, p. 1012.)
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