CHAPTER 74

FORMERLY

SENATE BILL NO. 237

AN ACT TO AMEND AN ACT, BEING CHAPTER 276, VOLUME 65, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO REINCORPORATE THE TOWN OF GEORGETOWN" TO INCREASE THE MUNICIPALITY'S INDEBTEDNESS LIMITATION.

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. Paragraph 36, Subsection 1, Section 30, Chapter 276, Volume 65, Laws of Delaware, as amended, be and the same is hereby amended by deleting the words, "twenty-five percent (25%)" in the eighth line of said paragraph and by inserting therein instead the words, "thirty-five percent (351.)".

Section 2. Subsection (b), Section 34, Chapter 276, Volume 65, Laws of Delaware, as amended, be and the same is hereby amended by deleting the words, "twenty-five percent (25%)" in the second line of said subsection and. by inserting therein instead the words, "thirty-five percent (35%)".

Approved July 6, 1989.