RELATING TO CITY OF NEWARK
AN ACT TO AMEND AN ACT ENTITLED "AN ACT CHANGING THE NAME OF THE 'TOWN OF NEWARK' TO THE 'CITY OF NEWARK' AND ESTABLISHING A CHARTER THEREFOR" BY CHANGING THE PROVISION OF TAX EXEMPTION OF MANUFACTURING PLANTS.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House concurring therein):
Section 1. That Section 34 of Chapter 152 of Volume 48, Laws of Delaware is amended by striking out all of the second paragraph and by inserting in lieu thereof a new paragraph reading as follows:
All manufacturing plants employing ten or more employees established and in operation within the City of Newark on July 1, 1953, shall be exempt from City taxation for a period of ten years from the time said plant commenced operation or from July 10, 1951, whichever date shall be earlier in time.
Approved July 1, 1953.