§ 9218. Termination of Authority.
§ 9218. Termination of Authority. The Authority in its corporate existence shall continue until terminated by law but no law terminating its existence shall take effect as long as any bonds of the Authority are outstanding and unpaid without adequate provision for payment having been made. Upon termination of its existence, all rights, privileges and […]
§ 9219. Basic salary schedule for Plan A employees.
§ 9219. Basic salary schedule for Plan A employees. (a) Salaries paid to Delaware Technical and Community College Salary Plan A employees shall, upon full implementation, be based on the following index schedule: DELAWARE TECHNICAL AND COMMUNITY COLLEGE INDEX SCHEDULE FOR PLAN A EMPLOYEES Yrs of Exp. No Degree Assoc. Degree Bach. Degree Bach. Degree […]
§ 9134. Procedure governing sale of bonds to State.
§ 9134. Procedure governing sale of bonds to State. The State shall purchase any bonds and/or promissory notes to be issued by the College under the authority contained in this chapter or under any other provision of law of this State at private sale. The State may require that the validity of the bonds be […]
§ 9135. Terms and form of bonds.
§ 9135. Terms and form of bonds. Bonds issued under this chapter must meet all of the following conditions: (1) Be in such denomination, in such form, and bear such rate of interest as determined by the State under § 7506 of Title 29; provided, however, that the Board must be consulted regarding the term […]
§ 9136. Designation, numbering, and date of bonds.
§ 9136. Designation, numbering, and date of bonds. Any bonds issued under this chapter must be designated by the name of the College and the year in which the bonds are issued. The bonds must be numbered consecutively and bear the date approved by the Board. Each of the bonds must be numbered consecutively and […]
§ 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) […]