(70 ILCS 1505/9) (from Ch. 105, par. 333.9)
Sec. 9.
All legal acts, lawfully done by or in favor of any of the park
districts or corporate authorities superseded by the Chicago Park District
by the terms of this act shall be valid and binding upon the respective
parties affected by such acts except that the Chicago Park District shall
be substituted in lieu of such park district or corporate authority. This
provision shall apply among other things to contracts, grants, licenses,
warrants, orders, notices, assignments, and official bonds, but shall not
affect any existing or contingent rights to modify, revoke, or rescind such
acts of such park districts or corporate authorities. Any arrangement or
agreement existing at the time this act takes effect with any museum, art
institute, aquarium, library, or other institution, agency or association,
public or private, that shall now be located or authorized to be located in
any park, shall not be impaired or affected, but shall be continued in
force by the provisions of this act.
(Source: Laws 1933, p. 725.)
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