Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 4655
Certain agreements forbidden
In the issuance or sale of bonds or notes it shall be unlawful for the governing body, or any member or members thereof, or any official of the County of Kent to:
# (1)
Agree to pay directly or indirectly any bonus for the issuance or for the sale of the obligations authorized, and every such payment may be recovered by the County in an action at law;
# (2)
Enter into any agreement with any original purchaser or his or her representative regarding the deposit or disposition of any moneys received or to be received from such sale and every such agreement shall be void;
# (3)
Enter into any agreement in the nature of a service contract providing for publication of notice of sale, and printing of bonds or notes, and for the providing of a legal opinion or for any technical or advisory services used in connection with the issuance of bonds or notes, unless such agreement provides that any advisor, agent, technician or any other person acting in an advisory capacity agrees not to offer to purchase or to participate in the purchase, or in the distribution of the bonds or notes at public or private sale; and any agreement to the contrary shall be void and any money or compensation paid thereon may be recovered by the County in an action at law.
Amendment history
56 Del. Laws, c. 103, § 13; 70 Del. Laws, c. 186, § 1
Source: view the official text
In this title (40 sections)
- 9-4635 · Period of usefulness
- 9-4636 · Consolidation of bond issues
- 9-4637 · Public sale of bonds
- 9-4638 · Contents of notice of sale — Generally
- 9-4639 · Contents of notice of sale — Award of bonds at single interest…
- 9-4640 · Contents of notice of sale — Multiple rate bidding
- 9-4641 · Contents of notice of sale — Deposit
- 9-4642 · Contents of notice of sale — Rejection of proposals
- 9-4643 · Proposals opened publicly
- 9-4644 · Private sale to public agencies
- 9-4645 · Form of bonds
- 9-4646 · Form of notes
- 9-4647 · Execution of bonds and notes
- 9-4648 · Bonds and notes redeemable prior to maturity
- 9-4649 · Interest rates
- 9-4650 · Application of proceeds
- 9-4651 · Bonds and notes negotiable
- 9-4652 · Reconversion of fully registered bonds
- 9-4653 · Reissuance of bonds or notes lost or destroyed
- 9-4654 · Reissuance of defaced or partially destroyed bonds or notes
- 9-4655 · Certain agreements forbidden
- 9-4656 · Payment of bonds and notes
- 9-4657 · Appropriation may include engineering and other costs
- 9-4658 · Validity of bonds not dependent on preliminary proceedings
- 9-4659 · Legal effect of debt statement
- 9-4660 · Short period of limitations
- 9-4661 · Construction of chapter with other laws
- 9-4701 · Acquisition of land; construction and operation of…
- 9-4702 · Acquisition of land by purchase
- 9-4703 · Powers of county government as to operation of plant;…
- 9-4704 · Power to borrow money and issue bonds
- 9-4705 · Terms of bonds
- 9-4706 · Execution and record of bonds
- 9-4707 · Sale of bonds
- 9-4708 · Principal and interest payments; taxes
- 9-4709 · Deposit and use of proceeds of sale of bonds
- 9-4720 · Definitions
- 9-4721 · Petition to establish garbage collection district
- 9-4722 · Public hearing
- 9-4723 · Creation of garbage collection district