Delaware Code
Chapter 14. WATER AND/OR SEWER AUTHORITIES
§ 1409. Issuance of revenue bonds — Faith and credit of State or political subdivisions as unaffected.

Revenue bonds issued under this chapter shall not be deemed to constitute a pledge of the faith and credit of the State or of any political subdivision thereof. All such bonds shall contain a statement on their face substantially to the effect that neither the faith and credit of the State nor the faith and credit of any county, city, town or other subdivision of the State are pledged to the payment of the principal of or the interest on such bonds. The issuance of revenue bonds under this chapter shall not directly or indirectly or contingently obligate the State or any county, city, town or other subdivision of the State to levy any taxes whatever therefor or to make any appropriation for their payment except from the funds pledged under this chapter.

Structure Delaware Code

Delaware Code

Title 16 - Health and Safety

Chapter 14. WATER AND/OR SEWER AUTHORITIES

§ 1401. Definitions.

§ 1402. General referendum; creation of authority; certificate and recording; certification of information to Secretary of State.

§ 1403. Amendment of articles of incorporation.

§ 1404. Withdrawal or joinder of municipalities; procedure.

§ 1405. Exercise of powers by governing body; composition; quorum; personnel; salaries; records.

§ 1406. Character of authorities with reference to public health and welfare; projects; general powers.

§ 1407. Limits of powers.

§ 1408. Issuance of revenue bonds — Interest; maturity; use of proceeds; interim receipts or temporary bonds.

§ 1409. Issuance of revenue bonds — Faith and credit of State or political subdivisions as unaffected.

§ 1410. Exemption of projects from taxes.

§ 1411. Fixed charges in connection with projects; regulation of sewage; water meter readings.

§ 1412. Trust agreements to secure bonds; pledges and assignments; contents of authorizing resolutions; depositaries for bond sales proceeds.

§ 1413. Connection with sewerage system by abutting property owners; conditions.

§ 1414. Provisions permitted for inclusion in resolutions or trust agreements providing for bonds.

§ 1415. Moneys received as trust funds; fiscal agents to act as trustees.

§ 1416. Rights of bondholders and trustees.

§ 1417. Revenue refunding bonds; single issues of revenue bonds; applicability thereto of other provisions of this chapter.

§ 1418. Accreditation of bonds for investment purposes.

§ 1419. Transfer of interest by municipalities; use of certain lands; powers of municipalities.

§ 1420. Transfer of projects to municipalities; conditions; termination of authorities.

§ 1420A. Incorporation of project within other governmental system; assumption of debt.

§ 1421. Scope and construction of chapter.