Del. Code tit. 7 § 4168

Current through 2024 Legislative Session Act Chapter 531

Section 4168 - Limitation on borrowing power of tax ditch

A tax ditch may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4159 of this title. No tax ditch shall borrow money in excess of 90 percent of the total assessment base established by the ditch order.

7 Del. C. § 4168

48 Del. Laws, c. 151, § 46; 7 Del. C. 1953, § 4168; 50 Del. Laws, c. 276, § 29.;