AN ACT TO AMEND CHAPTER 192, VOLUME 36, LAWS OF DELAWARE, ENTITLED "AN ACT TO RE-INCORPORATE THE TOWN OF SMYRNA".
Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House thereof concurring therein):
Section 1. Chapter 192, Volume 36, Laws of Delaware, is hereby amended by adding a new paragraph to Section 15 thereof to read as follows:
The Town Council of the Town shall have the power by an ordinance or by resolution to relieve, release, exonerate and exempt from taxation or reduce the rate of taxation for all or part of any real property hereinafter annexed as a part of the Town of Smyrna; provided, however, that the real property so annexed or any part thereof shall be taxed at the established rate for taxation upon the application for and the granting of a building permit and/or transfer of ownership of any lot or lots from any owner or owners at the time of annexation.
Approved June 20, 1963.