Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5509
Bond form; signatures; maturity; manner of sale
# (a)
All bonds shall be in fully registered form. Each of the bonds shall be deemed to be a security as defined in § 8-102 of Title 6, whether or not it is either 1 of a class or series or by its terms is divisible into a class or series of instruments.
# (b)
All bonds shall be signed manually or in facsimile by the County Administrator, and the seal of the County shall be affixed to the bonds and attested by the chief financial officer or other similar administrative officer of the County. If any officer whose signature or countersignature appears on the bonds ceases to be such officer before delivery of the bonds, the officer’s signature or countersignature shall nevertheless be valid and sufficient for all purposes the same as if the officer had remained in office until delivery.
# (c)
All bonds shall mature not later than 30 years from their date of issuance.
# (d)
All bonds shall be sold in the manner, either at public or private sale, and upon the terms, as the Levy Court deems best. Any contract for the acquisition of property may provide that payment shall be made in bonds.
Amendment history
81 Del. Laws, c. 26, § 1
Source: view the official text
In this title (40 sections)
- 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
- 9-5501 · Definitions
- 9-5502 · Special taxes authorized; purpose; requirements and…
- 9-5503 · Authority granted; section self-executing
- 9-5504 · Bonds payable from special fund; complementary powers of…
- 9-5505 · Special fund
- 9-5506 · When no bonds or other obligations outstanding
- 9-5507 · Adoption of ordinance to implement authority
- 9-5508 · Taxation of bonds
- 9-5509 · Bond form; signatures; maturity; manner of sale
- 9-5510 · Bonds issued are securities
- 9-5511 · Powers granted are supplemental to other laws
- 9-5512 · Construction of chapter
- 9-5513 · Special taxes on real property as alternative to ad valorem…
- 9-5514 · Bonds not to constitute general obligation debt
- 9-5515 · Special development district consistency with certified…
- 9-5516 · Limitation on ad valorem or special taxes within Special…
- 9-5601 · Definitions
- 9-5602 · Promulgation of property maintenance code
- 9-5603 · Department of Planning Services; administration and enforcement
- 9-5604 · Removal of weeds, grasses, refuse, rubbish, trash, or other…
- 9-5605 · Fees
- 9-5606 · Violation of regulations or chapter; notices and orders
- 9-5607 · Abatement; creation of tax lien
- 9-5608 · Penalties
- 9-5609 · Additional remedies
- 9-5610 · Exceptions
- 9-6101 · Definitions
- 9-6102 · Borrowing power; limitations