CHAPTER 459
FORMERLY
HOUSE BILL NO. 657
AS AMENDED BY
HOUSE AMENDMENT NOS. 1 & 2
AN ACT TO AUTHORIZE THE TRANSFER OF THE ROSS POINT SCHOOL BUILDING, IN THE LAUREL SCHOOL DISTRICT, TO THE ROSS POINT IMPROVEMENT CLUB.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. The Governor and the Secretary of State are authorized to transfer by deed and for a nominal consideration the Ross Point School Building and land to the Ross Point Improvement Club in accordance with the provisions of Section 4518 (d), Chapter 45, Title 7 of the Delaware Code.
Section 2. Such transfer shall be subject to the following conditions:
(a) The grantee shall pay to the State of Delaware the sum of one dollar ($1.00);
(b) Have prepared at its own expense a deed containing a survey description of the lands involved;
(c) Have prepared at its own expense such affidavits and other documents as are required by law to transfer legal title and to comply with applicable recording statutes; and
(d) If the grantee shall no longer use the property in accordance with the terms of this Act, then said real property shall revert to the State of Delaware. The deed shall contain a reverter clause to this effect.