AN ACT TO AMEND AN ACT BEING CHAPTER 212, VOLUME 25, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO INCORPORATE THE TOWN OF BETHANY BEACH AND GIVE IT AUTHORITY TO ISSUE BONDS" BY INCREASING THE AMOUNT OF MONEY WHICH MAY BE RAISED BY TAXATION OF REAL ESTATE.
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. Section 12, Chapter 212, Volume 25, Laws of Delaware, as amended, is hereby further amended by striking out all of said Section and inserting in lieu thereof the following:
Section 12. That the Commissioners are authorized and empowered to levy and collect taxes upon all the real estate located within the Town of Bethany Beach; PROVIDED, HOWEVER, that the amount to be raised by taxation of real estate shall not exceed in any one year the total sum of Forty Thousand Dollars ($40,000) exclusive of all delinquencies and expenses of collection; AND PROVIDED FURTHER, that there shall be no limitation upon the amount which may be raised from the taxation of real estate for the payment of interest on and principal of any bonded indebtedness, whether heretofore or hereafter incurred.
Approved June 16, 1965.