UNIVERSITY OF DELAWARE FOR ERECTION OF BUILDINGS FOR THE SCHOOL OF AGRICULTURE
AN ACT APPROPRIATING CERTAIN MONEY TO THE UNIVERSITY OF DELAWARE FOR THE ERECTION OP BUILDINGS FOR THE SCHOOL OF AGRICULTURE ON THE UNIVERSITY FARM AND PROVIDING FOR A BOND ISSUE FOR THE PAYMENT THEREOF; PROVIDING THAT THE PROCEEDS OF THE SALE OF SAID BONDS SHALL BE DEPOSITED IN A SPECIAL ACCOUNT TO THE CREDIT OF THE UNIVERSITY OF DELAWARE; PROVIDING FOR THE PAYMENT OF PRINCIPAL AND INTEREST AND PLEDGING THE FULL FAITH AND CREDIT OF THE STATE OF DELAWARE FOR THE PAYMENT THEREOF.
WHEREAS, there exists a need for increased capacity at the University of Delaware; and
WHEREAS, this need is particularly critical in the School of Agriculture, due to the increased enrollment of students, the demands for more agricultural research, and the requests for expansion of the Agricultural Extension Service; and
WHEREAS, this need has been recognized by farmers and farmer organizations of the State through their requests that provisions be made for meeting the necessity of providing for additional research facilities, an enlarged Agricultural Extension Service program, and improved and enlarged facilities for the training of students in agriculture; and
WHEREAS, the agriculture of the State constitutes a very important and stable segment of the total industry of the State; and
WHEREAS, a large proportion of the population of the State is engaged in farming or in activities closely related to farming; NOW, THEREFORE,
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (three-fourths of all the Members elected to each branch thereof concurring therein):
Section 1. That there is hereby appropriated to the University of Delaware the sum of One Million Two Hundred and Fifty Thousand Dollars ($1,250,000.00), to be expended by the Board of Trustees of the University of Delaware for the erection of agricultural buildings on the University Farm located at Newark, Delaware, such buildings to include classrooms, research laboratories and offices for the research, instruction and Extension Staffs.
Section 2. That the money hereby appropriated shall be made available by the State Treasurer on July 1, 1949, to the University of Delaware and shall remain available to the University of Delaware until warrants covering the full amount stipulated in Section 1, have been issued by the proper officials of the University of Delaware.
Section. 3. This Act shall be known as a Supplementary Appropriation Act, and the money hereby appropriated shall be paid by the State Treasurer, upon warrants of the Board of Trustees of the University of Delaware drawn according to law, out of moneys deposited in the Farmers' Bank of the State of Delaware, at Dover, consisting of money received from the sale of the bonds authorized by an Act of this 115th General Assembly, of the State of Delaware, entitled "AN ACT AUTHORIZING THE STATE OF DELAWARE TO BORROW A CERTAIN SUM OF MONEY FOR SUNDRY CAPITAL IMPROVEMENTS AND EXPENDITURES IN THE NATURE OF CAPITAL INVESTMENTS, AND TO ISSUE BONDS THEREFOR."