TRANSFER OF FUNDS TO GENERAL CURRENT
ACCOUNT OF DELAWARE CITY SCHOOL DISTRICT NO. 52
AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER TO THE GENERAL CURRENT SCHOOL ACCOUNT OF THE DELAWARE CITY SCHOOL DISTRICT NO. 52 THE SUM OF EIGHT HUNDRED THIRTY-EIGHT DOLLARS AND TWENTY-TWO CENTS ($838.22) APPEARING IN THE STATE TREASURY AS THE DEBT SERVICE ACCOUNT TO THE CREDIT OF SAID DELAWARE CITY SCHOOL DISTRICT.
WHEREAS, the Delaware City School District No. 52 has liquidated its bonded indebtedness and has a surplus in its debt service account, of Eight Hundred Thirty-Eight Dollars and Twenty-Two Cents ($838.22), for which there is no longer a need for debt service; and
WHEREAS, there is great need for use by said Delaware City School District of additional funds in the general current school account of said school district for general school purposes, NOW, 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 of the State of Delaware be and he is hereby authorized and directed to transfer the sum of Eight Hundred Thirty-Eight Dollars and Twenty-Two Cents ($838.22) from the debt service account of the Delaware City School District No. 52 to Delaware City Special Account for general current school purposes.
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 general school purposes upon warrants drawn on the said fund by the proper officer or officers of the Board of Trustees of the Delaware City School District No. 52, and the State Treasurer is hereby authorized and directed to pay from time to time, out of said fund such warrants.
Approved May 23, 1949.