AN ACT TO AMEND CHAPTER 10 OF PART 1, TITLE 14 OF THE DELAWARE CODE, RELATING TO THE REORGANIZATION OF SCHOOL DISTRICTS.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 1006, Subchapter I, Chapter 10, Part 1, Title 14, Delaware Code, is amended by adding a new subparagraph (c) as follows:
(c) All bond issues or portions thereof, approved by the voters of a component former school district or districts prior to July 1, 1969 and remaining unissued on July 1, 1969 may be issued by the reorganized school district and such bonds shall become the common obligation of all of the residents of the reorganized school district and the principal and interest on such bonds shall be paid by means of a common tax levied uniformly throughout the reorganized school district.
Section 2. Subparagraph (c) of Section 1006, Subchapter I, Chapter 10, Part 1, Title 14, Delaware Code, is hereby redesignated (d).
Section 3. This Act shall take effect on July 1, 1969.
Approved April 29, 1969.