AN ACT MAKING APPROPRIATIONS FOR THE PAYMENT OF CERTAIN SCHOOL BONDS MATURING DURING THE FISCAL YEARS BEGINNING JULY 1, 1939, AND ENDING JUNE 30, 1941.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That there is hereby appropriated, out of any monies in the State Treasury to the credit of the School Fund not otherwise appropriated, the sum of One Hundred Seventy-Four Thousand Six Hundred Seventeen Dollars ($174,617.00), or so much thereof as may be necessary, for the purpose of paying the principal of certain school bonds issued by certain of the School Districts and Special School Districts of this State, and maturing during the fiscal year beginning July 1, 1939, and ending June 30, 1940; and there is hereby further appropriated, out of any monies in the State Treasury to the credit of the School Fund not otherwise appropriated, the sum of One Hundred Fifty-four Thousand Seven Hundred Thirty-two Dollars ($154,732.00), or so much thereof as may be necessary, for the purpose of paying the principal of certain school bonds, issued by such School Districts or Special School Districts and maturing during the fiscal year beginning July 1, 1940, and ending June 30, 1941.
Section 2. The names of said School Districts and Special School Districts and the respective amounts of the bonds maturing during said two fiscal years respectively, referred to in Section 1 of this Act, for which said monies are appropriated, are as follows:
Section 3- The State Treasurer is hereby authorized and directed to pay to the holders of bonds described in Section 2 hereof, the amounts due thereon when and as the same shall fall due within the respective fiscal years referred to, upon presentation to him of said bonds.
Section 4. No part of the monies hereby appropriated shall be used for the payment of any interest of any of said bonds, or for any purpose other than the payment of the principal, of the bonds listed and described in Section 2 of this Act.
Section 5. The several Boards of Education and other taxing bodies, if any, of the several School Districts and Special School Districts listed in Section 2 of this Act are hereby expressly relieved from the duty of levying and collecting any taxes for the purpose of paying the principal amount of the said bonds listed and described in Section 2 of this Act; and no such tax shall be levied or collected for the purpose of paying the principal of the bonds mentioned and described in said Section 2 during the two fiscal years aforesaid, provided that nothing herein contained shall be construed as relieving said School Districts or Special School Districts of the payment of interest upon said bonds.