CHAPTER 60 - TRANSFER OF CERTAIN MONEY TO CURRENT FUND OF NEWPORT SCHOOL DISTRICT NO. 21
AN ACT TO AUTHORIZE AND DIRECT THE STATE TREASURER TO TRANSFER TO THE CURRENT FUND OF THE NEWPORT SCHOOL DISTRICT NO. 21, KNOWN AS THE HENRY J. KREBS SCHOOL, THE SUM OF FIVE THOUSAND AND THIRTY-FIVE DOLLARS AND FORTY CENTS ($5,035.40) APPEARING IN THE STATE TREASURY AS THE DEBT SERVICE ACCOUNT TO THE CREDIT OF THE SAID SCHOOL DISTRICT NO. 21.
WHEREAS, there is in the state treasury, in the Debt Service Account, to the credit of the Newport School District No. 21, known as, the Henry J. Krebs School, the sum of Five Thousand and Thirty-Five Dollars and Forty Cents ($5,035.40), which said sum was raised by local taxation in the said school district for the purpose of paying expiring bonds theretofore issued by the said School District, together with accrued interest thereon; and
WHEREAS, the said fund is no longer needed for the purpose for which it was raised; and
WHEREAS, the said fund is greatly needed by the said school district for the purpose of repairs to buildings and equipment; therefore
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That the State Treasurer be and he is hereby authorized and directed to transfer to the current fund of the Newport School District No. 21, known as the Henry J. Krebs School, the sum of Five Thousand and Thirty-Five Dollars and Forty Cents ($5,035.40) appearing in the state treasury as the Debt Service Account to the credit of the said School District.
Section 2. That the said sum so transferred, as provided for in Section 1. of this Act, shall be used by the said school district for improvements to school property, upon warrants drawn on the said fund by the proper officer or officers of the State Board of Education, and the State Treasury is hereby authorized and directed to pay, from time to time, out of the said fund, such warrants.
Approved April 3, 1941.