SENATE BILL NO. 193
AN ACT TO AMEND CHAPTER 237, VOLUME 51, ENTITLED "AN ACT TO REINCORPORATE THE TOWN OF BRIDGEVILLE" RELATING TO THE LIMITATION ON THE POWER TO RAISE REVENUE.
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 27, Chapter 237, Volume 51, Laws of Delaware, relating to Power to Raise Revenue, by deleting that portion from the first sentence thereof those matters enclosed in brackets, as follows:
"Section 27. POWER TO RAISE REVENUE.
The Commissioners shall have the power to levy and collect taxes on real property within the limits of the Town, except that which is not assessable and taxable by virtue of any law of the State of Delaware, [which shall not be more than $200,000 in any one year clear of all delinquencies and expenses of collection] provided that the Commissioners shall have power to levy and collect taxes on all real property in the Town in an amount unlimited as to rate or amount for the purpose of paying the principal and interest on general obligation bonds of the Town issued pursuant to Section 29 of this Act."
Approved January 21, 2004