CHAPTER 62 - TRANSFER OF CERTAIN MONEY TO CURRENT FUND OF THE LORD BALTIMORE SCHOOL DISTRICT NO. 28
AN ACT TO AUTHORIZE AND DIRECT THE STATE TREASURER TO TRANSFER TO THE CURRENT FUND OF THE LORD BALTIMORE SCHOOL DISTRICT NO. 28 THE SUM OF FOUR THOUSAND EIGHT HUNDRED TWENTY TWO DOLLARS AND THIRTEEN CENTS APPEARING IN THE STATE TREASURY AS THE DEBT SERVICE ACCOUNT TO THE CREDIT OF SAID SCHOOL DISTRICT NO. 28.
WHEREAS, there is in the State Treasury in the Debt Service Account to the credit of the Lord Baltimore School District, No. 28, the sum of Four Thousand Eight Hundred and twenty-two dollars and thirteen cents ($4,822.13), which said sum was raised by local taxation in the said school district for the purpose of paying expiring bonds theretofore issued by the said School District, together with accrued interest thereon; and
WHEREAS, the said fund is no longer needed for the purpose for which it was raised; and
WHEREAS, the said fund is greatly needed by the said School District for the purpose of improvements to building and equipment; therefore
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That the State Treasurer be and he is hereby authorized and directed to transfer to the current fund of the Lord Baltimore School District, No. 28, the sum of Four Thousand eight hundred and twenty-two dollars and thirteen cents ($4,822.13), appearing in the State Treasury the Debt Service Account to the credit of the said School District.
Section 2. That the said sum so transferred, as provided for in Section 1 of this Act shall be used by the said School District for improvement to school property and/or equipment upon warrants drawn on the said fund by the proper officer or officers of the State Board of Education, and the State Treasury is hereby authorized and directed to pay, from time to time, out of the said fund, such warrants.
Approved May 15, 1941.