Delaware Code Title 14 Sec. 2104 – Faith and credit of district; exemption of bonds from taxation
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The faith and credit of the district which issues bonds under this chapter is hereby expressly pledged for the full and complete payment of the principal of and interest on any bonds authorized to be issued under this chapter, and the said bonds shall be exempt from taxation, with respect to both principal and interest, by the State or any political subdivision thereof for any purpose.
32 Del. Laws, c. 160, § ?53; 34 Del. Laws, c. 173, § ?1; Code 1935, § ?2718; 47 Del. Laws, 2nd Spec. Sess., c. 1,, § ?1; 14 Del. C. 1953, § ?2103;
Terms Used In Delaware Code Title 14 Sec. 2104
- District: means a reorganized school district. See Delaware Code Title 14 Sec. 2101
- 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