Delaware Code
Chapter 14. WATER AND/OR SEWER AUTHORITIES
§ 1420. Transfer of projects to municipalities; conditions; termination of authorities.

When any authority shall have paid or provided for the payment of the principal of and the interest on all bonds secured by a pledge of any of the revenues of a project, it may (subject to any agreements concerning the operation or disposition of such project) grant and convey such project to the municipality or municipalities composing the authority. When any authority shall have paid or made provisions for the payment of the principal of and the interest on all bonds issued by it and settled all other claims against it, it may terminate its existence. A certificate, requesting the termination of the existence of the authority, signed by the proper officers of the authority and stating that the principal of and the interest on all bonds issued by it have been paid or that provisions for such payment have been made and that all claims against the authority have been settled shall be filed with the Secretary of State. If the certificate is approved by the municipality or municipalities composing the authority by ordinance or resolution, the Secretary of State shall note the termination of existence on the records of the Secretary of State and issue its certificate of approval to the board and thereupon the authority shall cease to exist.

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.