A tax ditch may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4159 of this title. No tax ditch shall borrow money in excess of 90 percent of the total assessment base established by the ditch order.
Structure Delaware Code
Chapter 41. DRAINAGE OF LANDS AND MANAGEMENT OF WATERS; TAX DITCHES
Subchapter IV. Powers of Tax Ditch
§ 4151. Meeting to organize tax ditch; notice.
§ 4152. Distribution of ditch order and this chapter; filing of assessment list.
§ 4153. Representation at meeting.
§ 4156. Election of ditch managers and a secretary-treasurer; terms of office; vacancies.
§ 4157. Chairperson of ditch managers; duties.
§ 4158. Compensation of ditch managers and secretary-treasurer.
§ 4159. Annual and other meetings of taxables; notice of meetings.
§ 4160. Meetings of ditch managers; quorum.
§ 4161. Powers of a tax ditch.
§ 4162. Duties of ditch managers.
§ 4163. Duties of secretary-treasurer of tax ditch.
§ 4164. Bond of secretary-treasurer.
§ 4165. Failure of ditch officer to perform duties; remedy; removal.
§ 4166. Signatures on instruments issued by tax ditch.