OF THE LEVY COURT. and the per Kent County, in the State of Delaware, for value received, hereby acknowledges its indebtedness and promises to pay to the holder of this bond at the Farmers' Bank of the State of Delaware at Dover, on the day of A. D. 1933, the sum of One Thousand Dollars with interest thereon at the rate of centum per annum, payable semi-annually on the day of day of in each year while said principal sum remains unpaid, upon the presentation of the coupon hereto annexed representing each semi-annual installment of interest. This bond is one of the authorized issue of 85 bonds aggregating Eighty-five Thousand Dollars, by virtue of and in strict compliance with an Act of the General Assembly of the State of Delaware, approved A. D. 1913, entitled, "An Act to authorize the Levy Court of Kent County to fund its present indebtedness by issuing bonds therefor." It is hereby certified that this bond is one of the issue authorized by the above recited Act of the General Assembly, and the faith and credit of said Kent County are pledged for the punctual payment of the principal and interest of this bond according to its terms. IN WITNESS WHEREOF, the President of the Levy Court, the County Treasurer, the Clerk of the Peace of Kent County, and the County Comptroller of Kent County have hereunto set their hands and the seal used by the Levy Court of Kent County at the town of Dover, in the State of Delaware, this day of A. D. one thousand nine hundred and thirteen. PRESIDENT OF THE LEVY COURT OF COUNTY TREASURER OF KENT COUNTY OF THE LEVY COURT. CLERK OF THE PEACE OF KENT COUNTY COUNTY COMPTROLLER OF KENT COUNTY And the coupons shall be in the following form, to wit: No._____ The County of Kent in the State of Delaware, will pay to the bearer at the Farmers' Bank of the State of Delaware, at Dover, on the first day of A. D. Dollars for six months' interest on loan of the sum of Bond No.____ COUNTY TREASURER OF KENT COUNTY. The said Levy Court is hereby authorized to have all necessary blanks filled up in conformity with the intent of this Act. Said bonds shall contain such provisions in addition to those set forth in Section 2, of this Act, and not inconsistent with the requirements of this Act as said Levy Court shall determine. provide a rec Treasurer Section 3. It shall be the duty of the said Levy Court Levy Court to to provide a record for the said County Treasurer, to be ord for County kept in his office, to be of the proper size and proportions, so ruled as to afford a separate space for each coupon, and a space at the top of each page or on the opposite page of said record for each bond when paid, redeemed or purchased as aforesaid; and each space at the top of said record shall bear the same number as the bond corresponding thereto, shall contain the record of the said bond, and the said record shall be preserved. ! Duties of Bonds exempt from taxation Advertisement OF THE LEVY COURT. As the said coupons are paid, it shall be the duty of the County Treasurer aforesaid to mark the same in red ink across the face "Paid", cut each of them in two lengthwise, and paste the pieces in the aforsaid space for such coupons in the record aforesaid; and as the said bonds shall be paid, redeemed or purchased as heretofore provided, the said County Treasurer shall cause the same to be cancelled by making lines with red ink through the signatures of the several parties thereto, and also by writing across the face thereof in red ink the following words:-"This bond paid (or redeemed or purchased as the case may be) this day of A. D. COUNTY TREASURER. And all coupons unmatured and surrendered with each bond redeemed or purchased shall likewise have written in red ink across the face thereof, "Cancelled by the redemption of Bond No.--- When paid, or redeemed or purchased, the said bonds and coupons shall be pasted in the appropriate places in the record aforesaid. Section 4. The public faith in Kent County, in this State, is hereby expressly pledged for the full and complete payment of the principal and interest of the said bonds by this act authorized to be issued, and the said bonds shall be exempt from taxation for any purpose whatsoever. Section 5. As soon as the said bonds shall have been prepared as hereinbefore provided, the Levy Court of Kent County shall advertise for bids or proposals, under such terms and conditions as it may deem wise, for the bonds authorized by this act. The said bids shall be op OF THE LEVY COURT. to highest ened at such time as the Levy Court may fix, and the said bonds shall be awarded to the highest and best bidder or To be awarded bidders therefor. The said County Treasurer shall im- bidder mediately notify the said successful bidder or bidders that their bid or bids have been accepted; and the said bonds shall be delivered to the said successful bidder or bidders upon their immediate payment of the full amount of the bid to the said County Treasurer; provided, however, that no bid for the said bonds shall be for a less amount than the par value thereof. The proceeds of the sale of said bonds shall be applied by the County Treas- bond sale to be urer, on the orders of the said Levy Court, to the liquida- dation of tion and discharged of the present indebtedness of said county debt County. Approved March 12, A. D. 1913. 'Proceeds of used for liqui OF THE LEVY COURT. Levy Court of members act ual expenses for work out CHAPTER 49. OF THE LEVY COURT. AN ACT Providing for the reimbursement by the Levy Court of Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met: Section 1. That the Levy Court of Kent County is to pay former hereby authorized, empowered and directed to pay to the members constituting the Levy Court of Kent County for side of districts the two years prior to the year 1913, such sums of money as were by them expended as actual expenses for committee and inspection work outside of the Representative District from which they were elected, provided that no Levy Court Commissioner shall receive for actual expenses under the provisions of this Act more than Fifty Dollars. Approved March 20, A. D. 1913. |