Delaware Code
Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION
§ 417. Credit of State not pledged.

Bonds issued under this chapter shall be payable exclusively from the revenues of the Department and shall contain a statement on their face that the state shall not be obligated to pay the bonds or the interest thereon except from such revenues, and that the faith and credit of the State are not pledged to the payment of the principal or interest on such bonds. The issuance of bonds under this chapter shall not directly or indirectly or contingently obligate the State to levy or pledge any form of taxation whatever therefor or to make any appropriation for their payment.

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.