Prior to the time of the retirement of the bonds, or any of them, or the time when interest shall become payable thereon, the county government shall make available sufficient funds in a state or national bank where the principal and interest are payable, to cover the retirement of such bonds or the payment of interest thereon.

48 Del. Laws, c. 331, § ?28; 9 Del. C. 1953, § ?579; 55 Del. Laws, c. 85, § ?4A; 63 Del. Laws, c. 142, § ?12;

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Delaware Code Title 9 Sec. 579

  • County government: means the county governing body;

    (3) "Suburban community" means any unincorporated community within this State:

    a. See Delaware Code Title 9 Sec. 551

  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302