Delaware Statutes
§ 4168 — Limitation on borrowing power of tax ditch
Delaware·Title 7·Part Agricultural and Soil Conservation; Drainage and Reclamation of Lowlands·Ch. 41 DRAINAGE OF LANDS AND MANAGEMENT OF WATERS; TAX DITCHES·Subch. Powers of Tax Ditch
A tax ditch may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4159 of this title. No tax ditch shall borrow money in excess of 90 percent of the total assessment base established by the ditch order.
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Legislative History
48 Del. Laws, c. 151, § 46 ; 7 Del. C. 1953, § 4168; 50 Del. Laws, c. 276, § 29