(70 ILCS 1505/22) (from Ch. 105, par. 333.22)
Sec. 22.
For the purpose of paying the principal of and interest upon
refunding and funding bonds of any superseded park district, the
commissioners are authorized to levy and have collected a direct annual tax
upon all the taxable property in such superseded park district, in addition
to all other taxes authorized by law to be levied and collected for park
purposes, sufficient to pay the interest upon said refunding and funding
bonds as it falls due and to pay the principal thereof as it matures, and
the County Clerk of Cook County upon receiving a certificate from the
commissioners that the amount set out in such certificate is necessary to
pay the interest on and principal of said refunding and funding bonds,
shall assess and extend such amount upon the taxable property embraced in
the superseded park district, the bonds and/or floating indebtedness of
which are refunded and/or funded, the same as other park taxes are by law
assessed and extended, and such taxes shall be collected and paid over in
like manner as other park taxes are required by law to be collected and
paid.
(Source: Laws 1935, p. 1043.)
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