RELATING TO TOWN OF CAMDEN
AN ACT TO AMEND "AN ACT CHANGING THE CORPORATE NAME OF THE COMMISSIONERS OF CAMDEN' TO `THE TOWN OF CAMDEN' AND ESTABLISHING A CHARTER THEREFOR" RELATING TO THE LIMIT OF THE AMOUNT TO BE RAISED BY TAXATION.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of each House concurring):
Section 1. Sub-section 13 of Section 15, Chapter 159, Volume 43, Laws of Delaware 1941, is amended by repealing all of sub-section 13 of Section 15 and inserting in lieu thereof a new sub-section 13 as follows:
(13) The limit of the amount to be raised by taxation under this Section shall not exceed the sum of Twelve Thousand Five Hundred ($12,500) Dollars in any one year clear of all delinquencies and expenses of collection, provided, however, that the Council of the said Town, whenever authorized by referendum vote duly held and conducted in all respects as provided for in Section 5 of this Act, may raise by taxation any amount above and exceeding the sum of Twelve Thousand Five Hundred ($12,500) Dollars. At such referendum one set of ballots used shall have written or printed thereon the words "for increased taxation" another set of ballots shall have written or printed thereon the words "against increased taxation" and both sets of ballots shall specify thereon the amount proposed to be raised; when, however, any sum in excess of Twelve Thousand Five Hundred ($12,500) Dollars shall have been authorized and approved at such referendum, it shall be lawful to raise by taxation such approved sum from year to year without the necessity of holding a referendum election each year, when, however, it shall be proposed to increase the sum to be raised each year by taxation above the amount approved at the last referendum when in order to authorize any such increase a new referendum shall be necessary and whenever any increased sum shall be authorized at any referendum said sum shall represent the maximum amount authorized to be raised from year to year by taxation until an increase shall have been authorized by referendum duly held as aforesaid.
Approved July 7, 1953.