HOUSE BILL NO. 925
AS AMENDED BY
SENATE AMENDMENT NO. 1
AN ACT TO AUTHORIZE AND DIRECT THE TRANSFER OF CERTAIN PROPERTY IN CEDAR CREEK HUNDRED.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. The Governor and Department of Administrative Services are authorized to transfer by deed, for nominal consideration, that certain tract or parcel of land in Cedar Creek Hundred, Sussex County, known as Slaughter Neck School No. 193, to the Slaughter Neck Community Action Organization, Inc., together with improvements thereon.
Section 2. Such transfer shall be subject to the following conditions:
(a) The grantee shall pay to the State of Delaware the sum of one dollar ($1.00); and
(b) Have prepared at its own expense a deed containing a survey description of the lands involved; and
(c) Have prepared at its own expense such affidavits and other documents as are required by law to transfer legal title and to comply with applicable recording statutes; and
(d) If the grantee shall no longer use the property in accordance with the terms of its corporate charter, then said real property shall revert to the State of Delaware. The deed shall contain a reverter clause to this effect.
Approved July 11, 1978.