CHAPTER 16

INVESTMENT OF CERTAIN MONIES BELONGING TO THE SCHOOL FUND, IN INTEREST BEARING SECURITIES

AN ACT TO AUTHORIZE AND DIRECT THE TREASURER OF THE STATE OF DELAWARE TO INVEST IN INTER. EST BEARING SECURITIES THE SUM OF NINETY. FOUR THOUSAND DOLLARS ($94,000.00) BELONGING TO THE STATE SCHOOL FUND AND NOW IN THE GENERAL FUND OF THE STATE.

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

Section 1. The Treasurer of the State of Delaware, being the legal Custodian of the State School Fund, is authorized and directed to invest the sum of Ninety-Four Thousand Dollars ($94,000.00) now in the General Fund and belonging to the State School Fund, in interest bearing securities, such investment to be held by him for the sole use and purpose of the said State School Fund.

Approved April 9, 1943.