CHAPTER 63 - APPROPRIATION FOR PAYMENT OF CERTAIN SCHOOL BOND MATURITIES

AN ACT MAKING APPROPRIATIONS FOR THE PAYMENT OF CERTAIN SCHOOL BONDS MATURING DURING THE FISCAL YEAR BEGINNING JULY 1, 194i, AND ENDING JUNE 30, 1942.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That there is hereby appropriated, out of the General Fund in the State Treasury not otherwise appropriated, the sum of One Hundred Eighty-three Thousand One Hundred Thirty-two Dollars ($183,132.00), or so much thereof as may be necessary, for the purpose of paying the principal of certain school bonds issued by certain of the School Districts and Special School Districts of this State, and maturing during the fiscal year beginning July 1, 1941, and ending June 30, 1942.

Section 2. The names of said School Districts and Special School Districts and the respective amounts of the bonds maturing said fiscal year, referred to in Section 1 of this Act, for which said monies are appropriated, are as follows:

Name of School District or

Special School District

Year of

Issue

Amount of Principal of

Bonds Maturing During Fiscal

Year Beginning July 1, 1941

and Ending June 30, 1942

New Castle County:

Alexis I. duPont

1938

$ 10,000.00

Arden No. 3

1924

500.00

Claymont

1922

11,000.00

Claymont

1928

4,000.00

Delaware City No. 52

1929

1,000.00

Eden No. 101

1934

500.00

Hockessin No. 29

1931

1,000.00

Marshallton No. 77

1931

1,000.00

Middletown No. 60

1928

2,832.00

Middletown No. 60

1939

3,000.00

Mt. Pleasant No. 2

1931

3,000.00

Newark

1922

6,000.00

New Castle

1928

2,000.00

Newport No. 21

1932

1,000.00

Oak Grove No. 130

1927

1,800.00

Odessa No. 61

1934

1,000.00

Richardson Park No. 20

1924

3,400.00

Rose Hill/Minquadale No. 47

1928

1,000.00

Stanton No. 38

1928

600.00

Townsend No. 81

1932

1,000.00

Yorklyn No. 91

1931

1,000.00

Total New Castle County

 

$ 56,632.00

Kent County:

   

Caesar Rodney

1916

$ 2,500.00

Caesar Rodney

1938

4,600.00

Clayton No. 118

1940

1,750.00

Clayton No. 119

1929

1,000.00

Dover

1923

8,000.00

Dover

1925

1,000.00

Dover

1938

10,000.00

Farmington No. 39

1928

300.00

Felton No. 54

1928

1,000.00

Frederica No. 32

1930

1,000.00

Harrington

1933

1,000.00

Kenton No. 9

1939

500.00

Leipsic No. 11

1928

200.00

Magnolia No. 50

1934

500.00

Smyrna

1929

2,500.00

Total Kent County

 

$ 35,850.00

Sussex County:

Bridgeville No. 90

1929

$ 2,000.00

Delmar No. 163

1927

1,000.00

Ellendale No. 125

1930

1,000.00

Greenwood No. 91

1930

1,000.00

John M. Clayton No. 97

1931

1,000.00

Laurel

1927

2,000.00

Laurel

1941

5,750.00

Lewes

1921

2,000.00

Lincoln *No. 3

1930

700.00

Lord Baltimore No. 28

1931

2,000.00

Millsboro No. 23

1931

1,000.00

Milton No. 8

1931

2,500.00

Rehoboth

1938

8,000.00

Roxana No. 31

1934

400.00

Seaford

1939

5,000.00

Seaford

1941

10,000.00

Sycamore No. 44

1934

300.00

Total Sussex County

 

$ 45,650.00

Wilmington

1915

$ 15,000.00

Wilmington

1924

30,000.00

Total Wilmington

 

$ 45,000.00

Total Redemption—School District Bonds

$ 183,132.00

Section 3. The State Treasurer is hereby authorized and directed to pay to the holders of bonds described in Section 2 hereof, the amounts due thereon when and as the same shall fall due within the fiscal year referred to, upon presentation to him of said bonds.

Section 4. No part of the monies hereby appropriated shall be used for the payment of any interest of any of said bonds, or for any purpose other than the payment of the principal, of the bonds listed and described in Section 2 of this Act.

Section 5. The several Boards of Education and other taxing bodies, if any, of the several School Districts and Special School Districts listed in Section 2 of this Act are hereby expressly relieved from the duty of levying and collecting any taxes for the purpose of paying during said fiscal year the principal amount of the said bonds listed and described in Section 2 of this Act; and no such tax shall be levied or collected during said fiscal year for the purpose of paying the principal of the bonds mentioned and described in said Section 2 during the fiscal year aforesaid, provided that nothing herein contained shall be construed as relieving said School Districts or Special School Districts of the payment of interest upon said bonds.

Approved April 18, 1941.