CHAPTER 12

FORMERLY

HOUSE BILL NO. 95

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 504, VOLUME 57, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO INCORPORATE THE TOWN OF HENLOPEN ACRES" TO PERMIT THE SALE OF BONDS BY THE TOWN OF HENLOPEN ACRES AT PRIVATE SALE.

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 (1), Section 32, Chapter 504, Volume 57, Laws of Delaware, as amended, by striking said Subsection (1) in its entirety and substituting in lieu thereof a new Subsection (1) to read as follows:

"(1) The form of bonds or certificates of indebtedness and the

thereunto attached coupons, if any, the time or times of payment, the time or times of payment of interest, the classes, the series, the maturity, the registration, any callable or redeemable feature, the denomination and the name thereof and any other relative or pertinent matters pertaining thereto shall all be determined by the Commissioners of Henlopen Acres after the public hearing. Bonds or certificates of indebtedness may be sold at either public or private sale as determined by the Commissioners of Henlopen Acres."

Approved April 19, 1993.