§ 9137. Place of payment of principal and interest.
§ 9137. Place of payment of principal and interest. The principal of and interest on the bonds must be payable at a state or national bank within or without the State designated by the issuing officers, as “issuing officers” is defined in § 7401 of Title 29. 82 Del. Laws, c. 21, § 4;
§ 9138. Signing and sealing bonds.
§ 9138. Signing and sealing bonds. The bonds must be signed by the president of the College, or the chair, and 1 other member of the Board. The Board may adopt a seal to be used in the execution of the bonds. The Board may, in lieu of the signatures required by this section, authorize […]
§ 9139. Temporary bonds.
§ 9139. Temporary bonds. Until bonds in definite form are prepared, the Board may cause temporary bonds with appropriate coupons to be prepared. Temporary bonds must be executed and signed as provided in §§ 9135 through 9138 of this title. Temporary bonds may be exchanged for definitive bonds at the request of the holder. 82 […]
§ 9140. Cancellation and destruction of paid bonds.
§ 9140. Cancellation and destruction of paid bonds. After any bonds issued under the authority of this chapter or the coupons annexed to the bonds have been paid, the bonds or coupons must be immediately cancelled, a record of payment must be made, and the bonds or coupons must destroyed. 82 Del. Laws, c. 21, […]
§ 9141. Replacement of lost, destroyed, or defaced bonds.
§ 9141. Replacement of lost, destroyed, or defaced bonds. (a) Upon written request of the owner of the unmatured bond, or the owner’s legal representative, successor, or assign, the Board may issue a new bond to replace an unmatured bond which has been lost, destroyed, or defaced if all of the following are provided: (1) […]
§ 9142. Rules and regulations governing fiscal records pertaining to bonds.
§ 9142. Rules and regulations governing fiscal records pertaining to bonds. The Budget Commission, established by Chapter 63 of Title 29, shall promulgate and enforce rules and regulations governing the fiscal records to be maintained by the State Treasurer and the College pertaining to bonds of such College. 82 Del. Laws, c. 21, § 4;
§ 9130. Establishment of Community College Infrastructure Fund; purposes; limitations.
§ 9130. Establishment of Community College Infrastructure Fund; purposes; limitations. (a) (1) There is established within the Office of the State Treasurer a special account to be known as the “Community College Infrastructure Fund”, with the intent that the General Assembly fund said account by an annual appropriation of at least $10 million for the […]
§ 9131. Power of Board to issue promissory notes or bonds.
§ 9131. Power of Board to issue promissory notes or bonds. (a) The Board may issue promissory notes or bonds payable to the State for the purpose of carrying out any plan or program for the acquisition of lands, acquisition or construction of buildings, improvements to lands or buildings, or acquisition of equipment as may […]
§ 9132. Faith and credit of the College; exemption of bonds from taxation.
§ 9132. Faith and credit of the College; exemption of bonds from taxation. The faith and credit of the College is expressly pledged for the full and complete payment of the principal of and interest on any promissory notes or bonds authorized to be issued under this chapter. Bonds or notes issued under this chapter […]
§ 9133. Validity of bonds; incontestability.
§ 9133. Validity of bonds; incontestability. When any bonds are sold and delivered under this chapter, the certification by the Board that the bonds have been issued in due compliance with this chapter is conclusive upon the College and every person of the right, power, and authority for the issuance of the bonds, the legality […]