SENATE BILL NO. 428
AN ACT TO AMEND SECTION 15, CHAPTER 161, VOLUME 43, LAWS OF DELAWARE, ENTITLED "AN ACT TO RE-INCORPORATE THE TOWN OF DAGSBORO" AS AMENDED BY CHAPTER 254, VOLUME 52, LAWS OF DELAWARE AND CHAPTER 171, VOLUME 61, LAWS OF DELAWARE, RELATING TO THE AMOUNT WHICH THE TOWN COUNCIL IS AUTHORIZED TO RAISE ANNUALLY BY TAXATION.
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 Section 15, Chapter 161, Volume 43, Laws of Delaware, as amended, by striking the words "the sum of Twenty-Five Thousand Dollars ($25,000.00)" as the same appear In Subsection 13; and substituting the words "three percent (3%) of the total assessed valuation of all taxable real estate (and improvements thereon) In the Town" In lieu thereof.
Approved June 28, 1988.