AN ACT TO AMEND SECTION 4704, TITLE 7, DELAWARE CODE, RELATING TO THE POWER OF THE STATE PARK COMMISSION TO BORROW MONEY AND MAKING AN APPROPRIATION TO PAY OUTSTANDING BONDS.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 4704, Title 7, Delaware Code is hereby repealed.
Section 2. All bonds issued by the State Park Commission and outstanding at the time this Act becomes effective shall be retired as the same become due. There is hereby appropriated to the State Park Commission annually beginning July 1, 1962, a sum sufficient to pay the interest and principal upon said bonds to the extent that the revenues of the State Park Commission are insufficient to pay such interest and principal as the same become due and payable.
Approved June 23, 1961.