After payment of the reasonable cost of issuance, including printing or engraving costs, advertising expense and legal and other professional expenses, the proceeds of the sale of any bonds or notes shall be applied only to the purpose or purposes for which the obligations were authorized to be issued, and any excess amount thereof or any amount thereof which for any reason is not necessary for any such purpose, shall:
(1) Be applied to payment of such obligations at not more than their face value; and
(2) Be applied to payment of the first maturing installments of such issue.
Structure Delaware Code
Chapter 46. SEWERS AND SEWER DISTRICTS
§ 4605. Representation by municipalities and districts.
§ 4606. Establishment of the county district.
§ 4607. Referendum upon petition.
§ 4609. Validation of prior establishment of districts.
§ 4610. Plans and specifications.
§ 4612. Powers of the county government.
§ 4614. Sewage charges and revenues.
§ 4615. Expense of the improvement.
§ 4616. Increase and improvement of facilities.
§ 4617. Increase of maximum amount to be expended.
§ 4619. Extension of the district.
§ 4620. Changes in zones of assessment.
§ 4621. Order to connect to sewer; enforcement.
§ 4622. Surveys and inspection by county government; penalty for refusal to permit.
§ 4624. Dissolution and diminishing area of sewer districts.
§ 4625. Exception to limitation on borrowing power.
§ 4626. Power to incur indebtedness by issuing bonds and notes.
§ 4627. Bond resolution vote required.
§ 4628. Form and content of bond resolution.
§ 4629. Procedure for passage of bond resolution.
§ 4630. Effective date of bond resolution.
§ 4631. Authorization of notes in anticipation of bonds.
§ 4632. Other proceedings by resolution.
§ 4634. Payment of installment.
§ 4636. Consolidation of bond issues.
§ 4638. Contents of notice of sale — Generally.
§ 4639. Contents of notice of sale — Award of bonds at single interest rate.
§ 4640. Contents of notice of sale — Multiple rate bidding.
§ 4641. Contents of notice of sale — Deposit.
§ 4642. Contents of notice of sale — Rejection of proposals.
§ 4643. Proposals opened publicly.
§ 4644. Private sale to public agencies.
§ 4647. Execution of bonds and notes.
§ 4648. Bonds and notes redeemable prior to maturity.
§ 4650. Application of proceeds.
§ 4651. Bonds and notes negotiable.
§ 4652. Reconversion of fully registered bonds.
§ 4653. Reissuance of bonds or notes lost or destroyed.
§ 4654. Reissuance of defaced or partially destroyed bonds or notes.
§ 4655. Certain agreements forbidden.
§ 4656. Payment of bonds and notes.
§ 4657. Appropriation may include engineering and other costs.
§ 4658. Validity of bonds not dependent on preliminary proceedings.
§ 4659. Legal effect of debt statement.