SENATE BILL NO. 433
AN ACT TO AMEND AN ACT BEING CHAPTER 166, VOLUME 43, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT AMENDING, REVISING AND CONSOLIDATING THE CHARTER OF THE TOWN OF GEORGETOWN" TO PERMIT THE SALE OF BOND OR CERTIFICATE OR CERTIFICATES OF INDEBTEDNESS BY PUBLIC OR PRIVATE SALE.
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. The Thirteenth Paragraph of Section 20, Chapter 166, Volume 166, Laws of Delaware, as amended, be and the same is hereby further amended by striking all of said Thirteenth Paragraph of said Section 20 and substituting in lieu thereof a new Thirteenth Paragraph to read as follows:
The form of the bonds or certificates of indebtedness and the thereunto attached coupons, if any, the time or times of payment of interest, the classes, the series, the maturity, the registration, any callable or redeemable feature, the denomination and the name thereof and any other relative or pertinent matters pertaining thereto shall all be determined by the Town Council of Georgetown after the Special Election. Any bond or bonds or certificates of indebtedness issued pursuant to this Section may be sold at either public or private sale."
Approved February 8, 1980.