Delaware Code
Chapter 14. WATER AND/OR SEWER AUTHORITIES
§ 1418. Accreditation of bonds for investment purposes.

Bonds issued under this chapter are made securities in which all public officers and public agencies of the State and its political subdivisions, and all bonds, trust companies, savings and loan associations, investment companies and others carrying on a banking business, all insurance companies and insurance associations and others carrying on an insurance business, all administrators, executors, guardians, trustees and other fiduciaries and other persons may legally and properly invest funds, including capital in their control or belonging to them. Such bonds are made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or other obligations of the State is now or may hereafter be authorized by law.

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.