MILLSBORO - AUTHORIZING BOND ISSUE
AN ACT TO AUTHORIZE THE COMMISSIONERS OF MILLSBORO TO BORROW $200,000 AND TO ISSUE BONDS TO SECURE THE PAYMENT THEREOF, FOR THE PURPOSE OF PROVIDING A SEWAGE DISPOSAL PLANT AND SYSTEM IN THE TOWN OF MILLSBORO AND TO CONTROL AND REGULATE THE SAME.
WHEREAS, the General Assembly of the State of Delaware at its biennial session passed an Act in the year 1945 authorizing the Commissioners of Millsboro under certain conditions to borrow $100,000 and to issue bonds to secure the payments thereof; and
WHEREAS, it has been determined that the said sum of $100,000 will not be sufficient to pay for the construction of a sewerage system and sewage disposal plant and system; Now, Therefore,
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (two-thirds of all the members elected to each House concurring therein):
Section 1. That the Commissioners of Millsboro, a Municipal Corporation of the State of Delaware, in addition to the powers given it by Chapter 186, Volume 45, Page 735 of the Laws of Delaware, to issue $100,000 of bonds of the Town of Millsboro, be and it is hereby authorized to borrow and to issue on the faith and credit of the Town of Millsboro an additional sum not exceeding $200,000 to be borrowed and bonds issued under the same conditions and subject to the same precautions and requirements as were made in said Chapter 186, Volume 45 of the Laws of Delaware as to the borrowing of $100,000. The total authorization from this bill and Chapter 186 of the Laws of Delaware being the sum of $300,000. The Commissioners of the Town of Millsboro shall on the passage of this Act be authorized to borrow the said total sum of $300,000 and to issue bonds in accordance with the provisions of Chapter 186, Volume 45 of the Laws of Delaware and to expend the same in the construction of a sewerage system for the 'Town: of Millsboro and for the. construction' of a sewage system for the town of Millsboro and for the construction of a sewage disposal 'plant and system for the town of Millsboro.
Approved April 7, 1947. ,