SENATE BILL NO. 399
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 264, VOLUME 52, LAWS OF DELAWARE, ENTITLED AN ACT TO REINCORPORATE THE TOWN OF MAGNOLIA RELATING TO TAX ASSESSMENT.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section I. Amend Chapter 264, Volume 52, Laws of Delaware by striking Section 6 in its entirety and inserting in lieu thereof the following:
"Section 6. The council shall at the annual meeting in every year, determine the
amount of tax to be raised in said town for that year, not exceeding twenty thousand dollars $20,000 and shall use the county assessment to make an assessment of persons and property therein, and shall appoint a collector and/or treasurer. The council will determine the percentage rate of the county assessment necessary, not exceeding $20,000 annually. When the percentage is completed the council shall give five days public notice of that fact, that it will sit, at a place and on a day to be by it designated, from seven o'clock pm, to nine o'clock pm, to hear appeals from said assessment. When the appeal day has passed, the council shall without delay cause the assessment list to be transcribed and the copy to be delivered to the treasurer, who shall have the same powers for the collection of said taxes as are conferred by law on the collectors of county taxes. The treasurer shall give bond to the council for the proper discharge of his or her respective duties."
Approved July 7, 1988.