Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5302
Limited obligations
All bonds issued by Kent County under the authority of this chapter shall be limited obligations of the County payable solely from bond proceeds, revenue and other amounts derived from the mortgage loans with respect to which such bonds are issued. The bonds and coupons, if any, attached thereto shall not constitute an indebtedness, liability, general or moral obligation or pledge of the faith and credit of Kent County, the State or any other political subdivision thereof and the taxing power of Kent County, the State or any political subdivision thereof shall not be pledged to the payment of the principal of, premium, if any, and interest on such bonds. In no event shall the total amount of the bonds issued pursuant to this chapter exceed $50,000,000.
Amendment history
62 Del. Laws, c. 203, § 1
Source: view the official text
In this title (40 sections)
- 9-4960 · County comprehensive plan
- 9-4961 · Information from state and local agencies and school districts
- 9-4962 · Highway capacity
- 9-4999 · Court review of land use actions; limitations on liability of…
- 9-5001 · Appointment of County Engineer; draftsmen; rodmen and…
- 9-5101 · Lighting streets and highways in unincorporated communities…
- 9-5102 · Levy and collection of light tax
- 9-5103 · Light tax; administration of fund; surplus
- 9-5104 · Removal of lights
- 9-5201 · Definitions
- 9-5202 · Establishing a stormwater maintenance district
- 9-5203 · Public hearing
- 9-5204 · Creation of stormwater maintenance district
- 9-5205 · Agreements for stormwater maintenance authorized
- 9-5206 · Award of contracts
- 9-5207 · Levy and collection of stormwater maintenance fee
- 9-5208 · Administration of funds
- 9-5209 · Continuation and termination of contracts; consolidation of…
- 9-5210 · Annual budgeting
- 9-5301 · Authority to issue
- 9-5302 · Limited obligations
- 9-5303 · Form; terms
- 9-5304 · Conflicting laws
- 9-5401 · Title
- 9-5402 · Definitions
- 9-5403 · Bonds to finance development of industrial, commercial, or…
- 9-5404 · Payment of bonds
- 9-5405 · Application of bond proceeds
- 9-5406 · Conditions precedent to issuance of bonds
- 9-5407 · Resolution creating special fund
- 9-5408 · Uses of special fund
- 9-5409 · Pledge of revenue from taxes on tax increment into other fund
- 9-5410 · Agreements to pay revenue from taxes on tax increment into…
- 9-5411 · Ordinance authorizing bonds
- 9-5412 · Exemption of bonds from taxation
- 9-5413 · Nature and incidents of bonds
- 9-5414 · Taxation of leased property in TIF District
- 9-5415 · TIF District consistency with certified comprehensive plan
- 9-5416 · Referendum
- 9-5417 · Construction of chapter