AUTHORIZING LIQUIDATION OF INVESTMENTS BY STATE TREASURER
AN ACT TO AMEND CHAPTER 288, VOLUME 47, LAWS OF DELAWARE, 1949, BY AUTHORIZING THE STATE TREASURER TO LIQUIDATE INVESTMENTS PREVIOUSLY TRANSFERRED FROM THE SINKING FUND TO THE GENERAL FUND.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Chapter 288, Volume 47, Laws of Delaware, 1949, be and the same is hereby amended by striking out Section 1. in its entirety and by inserting in lieu thereof a new Section 1. as follows:
"Section 1. That the State Treasurer of the State of Delaware, be and he is hereby authorized and directed to transfer all moneys and investments in the Sinking Fund, established by 411. Sec. 14., Revised Code of Delaware, 1935, to the General Fund of the State of Delaware and thereupon to liquidate the said investments to cash."
Approved June 5, 1951.