AN ACT TO AMEND CHAPTER 3, TITLE 17, DELAWARE CODE, RELATING TO THE AUTHORITY OF THE STATE HIGHWAY DEPARTMENT TO ISSUE REVENUE BONDS TO DEFRAY THE COST OF CONSTRUCTION OF A BRIDGE OVER THE DELAWARE RIVER, BY INCREASING THE AGGREGATE OF THE BONDS THAT MAY BE ISSUED THEREUNDER AND TO AUTHORIZE AND EMPOWER THE DELAWARE INTERSTATE HIGHWAY DIVISION, SUCCESSOR OF THE STATE HIGHWAY DEPARTMENT FOR THE OPERATION AND CONTROL OF THE DELAWARE MEMORIAL BRIDGE, FROM TIME TO TIME, TO IMPROVE AND MAKE ADDITIONS TO THE BRIDGE, ITS APPURTENANCES AND APPROACHES AS MAY BE DEEMED APPROPRIATE BY SUCH DIVISION AT A COST NOT TO EXCEED IN THE AGGREGATE FORTY-NINE MILLION FIFTY THOUSAND DOLLARS ($49,050,000) AND TO ISSUE ADDITIONAL REVENUE BONDS NOT TO EXCEED SAID AMOUNT FOR SUCH PURPOSES, AND TO AUTHORIZE THE DIVISION TO ENTER INTO AGREEMENTS WITH THE STATE HIGHWAY DEPARTMENT, AMONG OTHERS, TO CONSTRUCT SUCH ADDITIONS AND IMPROVEMENTS AND TO PAY OR REIMBURSE SAID DEPARTMENT, IN WHOLE OR PART, THE COSTS THEREOF.
Be it enacted by the General Assembly of the State of Delaware (three-fourths of all Members elected to each House concurring therein):
Section 1. § 318, Chapter 3, Title 17, Delaware Code, relating to the authority of the State Highway Department to issue revenue bonds to defray the cost of construction of a bridge over the Delaware River, as amended, be and the same is hereby further amended by striking out the words and figures "Forty-six Million Five Hundred Fifty Thousand Dollars ($46,550,000) " wherever the same shall appear in said Chapter and section, and by substituting in lieu thereof the words and figures "Forty-nine Million Fifty Thousand Dollars ($49,050,000)".
Section 2. The Delaware Interstate Highway Division, successor of the State Highway Department for the operation and control of the Delaware Memorial Bridge, is authorized and empowered at one time or from time to time, to issue not exceeding "Two Million Five Hundred Thousand Dollars ($2,500,000) additional Revenue Bonds, pursuant to the provisions of Chapter 3, Title 17, Delaware Code, as amended, for the purpose of making additions and improvements to the Bridge, its appurtenances and approaches, deemed necessary by the said Division.
Section 3. The Delaware Interstate Highway Division, in addition to its other powers, may enter into agreements with the State Highway Department, among others, to construct or reconstruct any addition or improvement to the said Bridge, its appurtenances or approaches and to pay, or reimburse the said Departments or others, in whole or part, the costs of said additions or improvements, including the cost of the acquisition of any rights-of-way, franchises, easements or other interests in land deemed necessary by the Division for such additions or improvements.
Section 4. All acts or parts of acts inconsistent with any provision of this Act are hereby repealed to the extent of such inconsistency.
Approved February 8, 1960.