HOUSE BILL NO. 357
AN ACT TO AMEND CHAPTER 258, VOLUME 55, LAWS OF DELAWARE, ENTITLED "AN ACT TO AUTHORIZE THE MAYOR AND COUNCIL OF THE TOWN OF SELBYVILLE' TO BORROW $1,000,000.00 AND TO ISSUE BONDS TO SECURE THE PAYMENT THEREOF FOR THE PURPOSE OF PROVIDING A SEWAGE DISPOSAL PLANT AND SYSTEM IN THE TOWN OF SELBYVILLE AND TO CONTROL AND REGULATE THE SAME" TO PROVIDE SPECIFICALLY THAT THE PRINCIPAL AND INTEREST SHALL NOT BE TAXABLE, TO PROVIDE A MAXIMUM BONDED INDEBTEDNESS FOR PURPOSES OF THIS ACT NOT TO EXCEED $2,000,000.00, AND TO PROVIDE THAT THE ELECTION MAY BE BY PAPER BALLOT.
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 2, Chapter 258, Volume 55, Laws of Delaware, be and the same Is hereby amended by adding at the end thereof the following sentence:
"All bonds issued by the Town Council pursuant to the provisions of this Chapter shall be exempt from all State, County or Municipal Taxes."
Section 2. Section 7, Chapter 258, Volume 55, Laws of Delaware, be and the same Is hereby amended by striking out all of said Section 7 and substituting in lieu thereof a new Section 7 to read u follows:
"Section 7. At the special election, every owner of property, whether an individual, partnership or corporation, shall have one (1) vote and the said vote may be cut either in person or by proxy. In addition, every person who is a bona fide resident of the Town of Selbyville but who is not a property owner and who would be entitled at the time of holding of the special election to register and vote in the Annual Municipal Election if such Annual Municipal Election were to be held on the day of the special election shall have one (1) vote whether or not such person be registered to vote in the Annual Municipal Election, and the said vote may be cut either in person or by proxy."
Section 3. Section 8, Chapter 258, Volume 55, Laws of Delaware, be and the same Is hereby amended by adding at the end of said Section 8 the following:
"Paper ballots or voting machines, at the discretion of the Town Council may be used in the special election."
Section 4. Section 10, Chapter 258, Volume 55. Laws of Delaware, be and the same is hereby amended by striking out the third sentence of said Section 10 and substituting in Lieu thereof a new third sentence to read u follows:
"The Mayor and Council shall provide in the amoral budget and in the fixing of any tax, sewer charge or tax, for the payment of interest on and principal of said bonds at the maturity or maturities thereof and a sinking fund therefor without limitation u to any amount to be raised by taxation."
Section 5. Section 11, Chapter 258, Volume 55, Laws of Delaware, be and the same Is hereby amended by striking out the words and figures "One Million Dollars ($1,000,000.00)" u the same appear in said Section and substituting in lieu thereof the words and figures "Two Million Dollars ($2.000,000.00)"
Approved July 12, 1985.