RELATING TO TOWN OF NEWPORT
AN ACT TO AUTHORIZE THE COMMISSIONERS OF NEWPORT TO BORROW $10,000 UPON THE NOTE OF THE TOWN FOR THE PURPOSE OF EXTENSION AND IMPROVEMENT OF WATER PIPES AND SEWER SYSTEMS AND OF MAKING ADDITIONS TO AND IMPROVING THE MUNICIPAL WATERWORKS.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of the Members elected to each Branch thereof concurring therein):
Section 1. The Commissioners of Newport, a Municipal Corporation of the State of Delaware, are hereby authorized and empowered to anticipate current revenue by borrowing an amount not in excess of Ten Thousand ($10,000) for the purpose of extension and improvement of water pipes and sewer systems and additions to and improving the Municipal Waterworks. The indebtedness created under this provision shall be evidenced by a note or notes of the Town and the faith and the credit of the Town shall be deemed to be pledged thereby.
Approved July 8, 1953.