CHAPTER 340

AN ACT TO AMEND AN ACT AUTHORIZING THE CITY OF DOVER TO ISSUE REVENUE BONDS FOR THE PURPOSE OF FINANCING THE EXTENSION, RECONSTRUCTION, OR IMPROVEMENT OF THE CITY'S WATER SYSTEM, ELECTRICAL SYSTEM AND SEWER SYSTEM, AND TO PROVIDE FOR THE PAYMENT OF SUCH BONDS BY DELETING THEREFROM THE MAXIMUM INTEREST RATE OF SAID BONDS.

Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House concurring therein):

Section 1. Chapter 111, Volume 52, Laws of Delaware, 1959, Section 4, is hereby amended by deleting therefrom the following words found in the fourth and fifth lines of said Section 4:

not exceeding six per centum (6%) per annum.

Approved February 13, 1970.