AN ACT TO AUTHORIZE THE COMMISSIONERS OF NEWPORT TO BORROW $5,000.00 UPON THE NOTE OF THE TOWN FOR THE PURPOSE OF MAKING ADDITIONS TO AND IMPROVING THE MUNICIPAL WATERWORKS.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (two-thirds of the members elected to each branch of the Legislature concurring therein):
Section 1. That the Commissioners of Newport, a Municipal Corporation of the State of Delaware, be and it is hereby authorized and empowered to anticipate current revenue by borrowing an amount not in excess of Five Thousand Dollars ($5,000.00) for the purpose of making additions to and improving the Municipal Waterworks. The indebtedness created under this provision shall be evidenced by a note or notes of the Town and the faith and the credit of the Town shall be deemed to be pledged thereby.
Approved May 16, 1949.