Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (two-thirds of all the members elected to each branch concurring therein):
Section 1. That Chapter 167, Volume 40, Laws of Delaware, be and the same is hereby amended by striking out and repealing all of the first paragraph of Section 13 thereof and by inserting in lieu thereof the following new paragraph:
There shall be two assessors appointed by the Council to make the general assessment and only one to make the scrap assessment. The assessors making the general assessment and the assessor making the scrap assessment shall be paid such fee or fees as shall be fixed by the Council from time to time. They shall be sworn or affirmed by a justice of the peace of the city or by the alderman to perform their duties with fidelity and without favor. It shall be their duty to make a fair and impartial assessment of property and persons subject to taxation situate or residing within the territorial limits of the city.
Section 2. That Chapter 167, Volume 40, Laws of Delaware, be and the same is hereby further amended by striking out and repealing all of Paragraph 14 of Section 13 thereof and by inserting in lieu thereof the following new paragraph:
Thousand Dollars ($40,000.00), but added thereto there shall also be fixed a rate which will produce an amount sufficient to provide for interest on bonds, the redemption thereof at their several maturities and to cover the sinking fund requirements.
Section 3. That Chapter 167, Volume 40, Laws of Delaware, be and the same is hereby further amended by striking out and repealing all of Section 32 thereof and by inserting in lieu thereof the following new paragraph:
Section 32. Whenever during the year, the current receipts are insufficient to provide for the needs of the city, the Council is authorized to anticipate revenue by borrowing money not in excess of the sum of Ten Thousand Dollars ($10,000.00), which shall be repaid from current revenue received thereafter; provided, however, such borrowing shall at no time exceed in the aggregate Ten Thousand Dollars ($10,000.00). Indebtedness created hereby shall be evidenced by bond or note of the city,. and the faith and credit of the city shall be deemed to be pledged by the due payment thereof; but no agency or instrumentality of the city shall borrow money upon the credit of the city except by resolution of the Council.
Section 4. That Chapter 167, Volume 40, Laws of Delaware, be and the same is hereby further amended by striking out and repealing all of the last paragraph of Subsection (H) of Section 11 therof.