The faith and credit of the district which issues bonds under this chapter is hereby expressly pledged for the full and complete payment of the principal of and interest on any bonds authorized to be issued under this chapter, and the said bonds shall be exempt from taxation, with respect to both principal and interest, by the State or any political subdivision thereof for any purpose.
Structure Delaware Code
Chapter 21. LOCAL SCHOOL BONDS
§ 2102. Power of district to issue bonds.
§ 2103. Temporary use of funds.
§ 2104. Faith and credit of district; exemption of bonds from taxation.
§ 2105. Validity of bonds; incontestability.
§ 2106. Procedure governing sale of bonds to State.
§ 2107. Limitation on amount of bonds that may be issued.
§ 2108. Terms and form of bonds.
§ 2109. Designation, numbering and date of bonds.
§ 2110. Place of payment of principal and interest.
§ 2111. Signing and sealing bonds.
§ 2113. Cancellation and destruction of paid bonds and coupons.
§ 2114. Replacement of lost, destroyed or defaced bonds.
§ 2115. Rules and regulations governing fiscal records pertaining to bonds.
§ 2116. Taxing power of district.
§ 2117. Assessment list; objections; posting; hearing.
§ 2118. Assessment, levy and collection of taxes.
§ 2119. Report of tax collections and payment of collected taxes.
§ 2120. Jurisdiction of justices of the peace.
§ 2121. Authority to tax; scope of this chapter.
§ 2122. Election to authorize bond issue; rules governing; referendum to transfer tax funds.