HOUSE BILL NO. 173
AN ACT TO AMEND SECTION 25, CHAPTER 197, VOLUME 54, LAWS OF DELAWARE, BEING AN ACT ENTITLED "AN ACT REVISING THE PRIOR CHARTER OF THE CITY OF REHOBOTH BEACH AND ESTABLISHING A NEW CHARTER THEREFORE AND PRESCRIBING THE POWERS AND DUTIES OF THE COMMISSIONERS OF REHOBOTH BEACH".
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. Amend subsection (e) of Section 25, Chapter 197, Volume 54, Laws of Delaware, as amended by Volume 61, Laws of Delaware, Chapter 58, as amended by Volume 63, Laws of Delaware, Chapter 225, by striking subsection (e) in its entirety and substituting in lieu thereof the following new subsection (e) to read as follows:
"(e) On all taxes paid on or after the first day of September next succeeding the delivery of the annual duplicate tax list to the City Manager, there shall be added for each month or part thereof interest in an amount computed on a monthly rate of one and one half percent per month."
Approved June 29, 1987.