(70 ILCS 2905/1-4) (from Ch. 42, par. 501-4)
Sec. 1-4.
Nothing in this Act shall impair the security of any indebtedness of the
former district incurred before the effective date of this Act. The new
district shall be obligated for such indebtedness, and the direct annual
tax provided for in accordance with Section 16 of "An Act to create
sanitary districts in certain localities, to drain and protect the same
from overflow for sanitary purposes and to provide for sewage disposal",
approved May 17, 1907, as amended, to pay the interest on and principal of
such indebtedness shall continue to be levied and extended until such
indebtedness has been paid in full.
(Source: P.A. 78-1017.)
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