(70 ILCS 1505/10) (from Ch. 105, par. 333.10)
Sec. 10.
All fines, penalties, and forfeitures incurred or imposed before
this act takes effect for the violation of the ordinances, by-laws, or
rules of any of the park districts or corporate authorities hereby
superseded by the Chicago Park District shall be enforced or collected
under the authority of the Chicago Park District.
All powers of taxation or assessment that may have become part of any
contract of indebtedness incurred or entered into by any of the park
districts or corporate authorities hereby superseded by the Chicago Park
District shall be preserved only insofar as their exercise may become
necessary to save and protect or enforce the rights of creditors or those
holding obligations created in view or in respect of any tax, assessment,
or power of taxation or assessment, and in the event of any such powers so
becoming necessary shall be exercised by the corporate authorities of the
Chicago Park District to the same extent as the park districts or corporate
authorities contracting such indebtedness would have been bound to exercise
the same.
(Source: Laws 1933, p. 725.)
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