Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 2409
Deposit and use of proceeds of sale of bonds; liability of purchasers or holders
# (a)
All money received from the sale of any or all of such bonds, after the payment of the charges and expenses connected with the preparation and sale thereof, shall be deposited by the Department of Finance in a state or national bank designated by New Castle County, to the credit of the County Council of New Castle County in a separate account and payments thereof shall be made in the same manner as other payments by the County Council. No part of the money thus obtained, except as in this section provided, shall be used for any other purpose than those stated in this chapter.
# (b)
The purchasers or holders of the bonds shall not be bound to see to or be affected by the application of the money realized from the sale of the bonds.
Amendment history
48 Del. Laws, c. 377, § 9; 55 Del. Laws, c. 85, §§ 16A-16C; 63 Del. Laws, c. 142, § 19; 71 Del. Laws, c. 401, § 15
Source: view the official text
In this title (40 sections)
- 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
- 9-2513 · Penalties
- 9-2514 · Abatement proceedings
- 9-2515 · Exceptions
- 9-2601 · Power of County Council; area subject to regulation
- 9-2602 · Zoning plan and regulations