Delaware Code
Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION
§ 414. Bonds for refunding of outstanding obligations.

The Department may issue, in the name of the State, revenue bonds of the State, payable solely from the revenues of the Department, at any time after July 27, 1955, for the purpose of refunding at or prior to maturity, all bonds issued prior to such date under the authority of 45 Del. Laws, c. 275, as amended, in an aggregate principal amount not exceeding the principal amount of said outstanding bonds and the redemption premium, if any, required to be paid upon their redemption prior to maturity, the fees and expenses of the trustee named in the indenture and supplemental indentures securing such bonds, the interest which will become due upon such bonds to the date of their redemption and all legal and other expenses incident to the issuance of said bonds, and the Department may deposit with the trustee named in the indenture and supplemental indentures securing the payment of said outstanding bonds, out of the proceeds of such refunding bonds, such amount as shall be required to authorize such trustee to satisfy such indenture and supplemental indentures.

Structure Delaware Code

Delaware Code

Title 17 - Highways

Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION

§ 401. Definitions.

§ 402. Purpose.

§ 403. Control, operation and revenues of Delaware Memorial Bridge and approaches vested in Department.

§ 404. Contracts for maintenance of Delaware Memorial Bridge or repairs or improvements.

§ 405. Construction of toll crossings, highways, express highways and parallel service roads; operation of competitive commercial enterprises.

§ 406. Acquisition of property for toll crossings.

§ 407. Use of lands under Delaware River.

§ 408. Regulations for use of Bridge or other toll crossings for public utility facilities; penalty for violations.

§ 409. Insurance.

§ 410. Employment of general manager, guards and toll keepers; indemnity bond.

§ 411. Other crossings prohibited.

§ 412. Exemption from taxation.

§ 413. Bonds for construction of facilities.

§ 414. Bonds for refunding of outstanding obligations.

§ 415. Form and terms of bonds; disposition of proceeds.

§ 416. Bonds as legal investments for institutions and fiduciaries, and as legal deposit.

§ 417. Credit of State not pledged.

§ 418. Trust indenture.

§ 419. Remedies of bondholders and trustees.

§ 420. Power to collect and pledge tolls and revenues; fixation of tolls, rates or charges.

§ 421. Contributions.

§ 422. Moneys as trust funds.

§ 423. State covenant for control of crossings.

§ 424. Pecuniary interest of member or employee; penalty.

§ 425. Penalty for nonpayment of toll.

§ 426. Construction of chapter.