CHAPTER 130

NEWARK

AN ACT AMENDING CHAPTER 152, VOLUME 48, LAWS OF DELAWARE BEING AN ACT ENTITLED "AN ACT CHANGING THE NAME OF THE 'TOWN OF NEWARK' TO THE 'CITY OF NEWARK' AND ESTABLISHING A CHARTER THEREFOR" BY AMENDING THE BORROWING POWER OF THE CITY FOR CURRENT EXPENSES.

Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House concurring herein):

Section 1. Section 37 of Chapter 152, Volume 48, Laws of Delaware, as amended, is further amended by striking out the words and figures : "the sum of $100,000.00". where they appear in the second sentence of the first paragraph of said section and by'inserting in lieu thereof the following words and figures :

"1% of the assessed valuation of the assessable and taxable real property within the limits of the city."

Approved May 18,1 955