AN ACT TO AMEND ARTICLE IV, SECTION 404, AND ARTICLE V, SECTION 501.1, OF THE CITY CHARTER OF THE CITY OF NEWARK, DELAWARE, ENACTED ON APRIL 26, 1965, BY REFERENDUM PURSUANT TO CHAPTER 8, TITLE 22, DELAWARE CODE, RELATING TO POWER TO RAISE REVENUE AND REAL PROPERTY ASSESSMENT EXEMPTIONS.
Be it enacted by the General Assembly of the State of Delaware (two-thirds of the members elected to each branch thereof concurring therein):
Section 1. Article IV, Section 404, of the City Charter for the City of Newark, Delaware, enacted on April 26, 1965, by referendum pursuant to Chapter 8, Title 22, Delaware Code, is hereby amended by adding to the fourth paragraph thereof the following sentence :
The Council shall have the power by ordinance to exempt from taxation not more than $5,000 of assessed value of real property of persons over 65 years of age whose income does not exceed $3,000 per annum, as defined by ordinance.
Section 2. Article V, Section 501.1, of the City Charter for the City of Newark, Delaware, enacted on April 26, 1965, by referendum pursuant to Chapter 8, Title 22, Delaware Code, is hereby amended by inserting after the word "law," on the fourth line of the first paragraph thereof, the words :
or provisions of this Chapter. Approved January 10, 1968.