AZ vs. CA:07 California Exhibits, Vol. VII; Nos. 326-370

page 50

-50- the lands and property owners within the boundaries of said drainage district to the same extent and in like manner as if this act had not passed, and said district continued to exist; but Assumption , obif|ausonsd provided, however, that all of such outstanding bonded or other indebtedness shall be assumed by this district, and the collection of principal and interest may be enforced through this district in like manner as it might have been enforced through the drainage district, and the board of trustees of this district is hereby authorized and empowered, and it shall be its duty to carry into effect and perform all of the obligations undertaken by said drainage district, and the trustees thereof for the assessment and collection of taxes for the payment of the principal and interest of said bonds and other indebtedness, and all other obligations and duties in every other respect provided for the protection, payment and liquidation of the principal and interest of the bonded and other indebtedness of said drainage district. All bondholders and creditors or other persons having rights or relations with said drainage district or the trustees or officers thereof are hereby authorized and empowered to deal with the trustees of this district, and to enforce their rights as against this district, in like manner as might be done against the drainage district above mentioned, and the trustees and officers thereof, and all notices, demands, tenders or other dealings that might have been made to, or had with the said drainage district or the trustees or officers thereof may be made to or had with Rights of bondholders, etc.