CHAPTER 289

RELATING TO INTEREST RATE ON BONDS

AN ACT FURTHER PROVIDING FOR THE ISSUANCE OF BONDS OF THE STATE OF DELAWARE AUTHORIZED BY CHAPTERS 449 AND 529 OF VOLUME 50, LAWS OF DELAWARE, AND RELATING TO THE INTEREST RATE.

Be it enacted by the General Assembly of the State of Delaware (three-fourths of all the Members elected to each Branch concurring therein):

Section 1. Notwithstanding anything contained in Chapter No. 449 of Volume 50, Laws of Delaware, approved on July 14, 1955, and Chapter No. 529 of Volume 50, Laws of Delaware, approved on November 8, 1955, the bonds authorized by such chapters, but not yet issued, may bear interest at such rate or rates, either more or less than three per centum per annum, as may be determined by the Issuing Officers authorized to issue such bonds.

Approved August 14, 1957.