Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 2404
Power to borrow money and issue bonds; interest rates
The County Council may borrow money upon the faith and credit of the County as provided in this chapter for the purpose of acquiring land and property for the establishment of an incineration and garbage disposal plant or plants and for the construction of such a plant or plants in the County and for the purpose of securing the payment of such sum to issue bonds in such denominations and bearing such rate of interest, not exceeding 5 percent per annum, and in such form as the County Council shall deem expedient. The interest upon said bonds shall be payable semiannually in each and every year after the date of issuance thereof.
Amendment history
48 Del. Laws, c. 377, § 4; 49 Del. Laws, c. 353; 55 Del. Laws, c. 85, §§ 16A-16C; 71 Del. Laws, c. 401, § 15
Source: view the official text
In this title (40 sections)
- 9-2305 · Action of County Council following hearing
- 9-2306 · Election on question of establishment of district
- 9-2307 · Action of County Council following election favoring…
- 9-2308 · Construction of system adequate for future connections
- 9-2309 · Construction or maintenance of sewers for cities or towns
- 9-2310 · Adjustment of assessment for cost of existing sewers included…
- 9-2311 · Bonds; power to issue; terms; authority of County Executive
- 9-2312 · Notice of sale of bonds
- 9-2313 · Deposit accompanying bids
- 9-2314 · Sale of bonds; opinion of County Attorney
- 9-2315 · Preparation, form and execution of bonds
- 9-2316 · Annual assessment; procedure for fixing amount
- 9-2317 · Collection of assessments
- 9-2318 · Rules and regulations governing use of sewage disposal…
- 9-2319 · Grants or loans from federal, state or interstate agencies
- 9-2320 · Validation of prior acts and proceedings
- 9-2321 · Order to connect to sanitary sewer; enforcement
- 9-2401 · Acquisition of land generally; construction and operation of…
- 9-2402 · Acquisition by purchase or eminent domain; condemnation…
- 9-2403 · Powers of County Council as to operation of plant; regulations…
- 9-2404 · Power to borrow money and issue bonds; interest rates
- 9-2405 · Terms of bonds
- 9-2406 · Execution and record of bonds
- 9-2407 · Sale of bonds
- 9-2408 · Principal and interest payments; taxes
- 9-2409 · Deposit and use of proceeds of sale of bonds; liability of…
- 9-2410 · Exemption of bonds from taxation
- 9-2411 · Definitions
- 9-2501 · Definitions
- 9-2502 · Promulgation of building code
- 9-2503 · Existing building; application to
- 9-2504 · Registration and testing of contractors
- 9-2505 · Fees
- 9-2506 · Department of Land Use; administration and enforcement
- 9-2507 · Inspections and certifications of compliance
- 9-2508 · Records
- 9-2509 · Construction of buildings, structures and equipment; use and…
- 9-2510 · Application for permits
- 9-2511 · Use and maintenance of building or structure erected in…
- 9-2512 · Violation of regulations or chapter; notices and orders