CHAPTER 176 - UNIVERSITY OF DELAWARE
AN ACT TO AMEND CHAPTER 207, VOLUME 37, LAWS OF DELAWARE ENTITLED "AN ACT PROVIDING FOR THE PAYMENT AND CANCELLATION OF A CERTIFICATE OF INDEBTEDNESS OF THE STATE OF DELAWARE, PAYABLE TO THE TRUSTEES OF DELAWARE COLLEGE IN THE SUM OF EIGHTY-THREE THOUSAND DOLLARS ($83,000.00), ISSUED PURSUANT TO AN ACT DATED FEBRUARY 22, 1877, AND REPRESENTING A DONATION OF THE CONGRESS OF THE UNITED STATES TO STATES PROVIDING COLLEGES FOR INSTRUCTION IN AGRICULTURE AND MECHANIC ARTS, DATED JULY 2, 1862, AND DIRECTING ITS REINVESTMENT AND THE DISBURSEMENT OF INCOME" BY REDUCING THE REQUIRED RATE OF INTEREST TO BE EARNED ON CERTAIN FUNDS FOR THE USE OF THE UNIVERSITY OF DELAWARE.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Section 2, Chapter 207, Volume 37, Laws of Delaware, be amended by striking out the following words, viz:
"four (4)" as the same appear in the ninth line of said Section between the words "than" and "per" and inserting in lieu thereof the following words, viz:
"two (2)."
Approved May 11, 1937.