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§ 4168. Limitation on borrowing power of tax ditch.

A tax ditch may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4159 of this title. No tax ditch shall borrow money in excess of 90 percent of the total assessment base established by the ditch order.

48 Del. Laws, c. 151, § 46;  7 Del. C. 1953, § 4168;  50 Del. Laws, c. 276, § 29;