No authority shall be required to pay any taxes or assessments upon any project acquired, constructed or operated by it under this chapter or upon the income therefrom, and the bonds issued under this chapter, their transfer and the income therefrom (including any profit made on the sale thereof) shall at all times be free from taxation by the State or any of its political subdivisions or by any town or incorporated municipality or any other public agency within the State.

16 Del. C. 1953, § ?1410; 49 Del. Laws, c. 417.;

Terms Used In Delaware Code Title 16 Sec. 1410

  • Authority: means a body politic and corporate created pursuant to this chapter or, if such body politic and corporate shall be abolished, the board, body or commission succeeding to the principal functions thereof or to which the powers given by this chapter to such body politic and corporate shall be given by law. See Delaware Code Title 16 Sec. 1401
  • Bonds: means and includes notes, bonds and other evidences of indebtedness or obligations which each authority is authorized to issue pursuant to § 1408 of this title. See Delaware Code Title 16 Sec. 1401
  • Municipality: means any county, city, town, village, sanitary district or other political subdivision of this State. See Delaware Code Title 16 Sec. 1401
  • Project: means any water system, sewer system and any combination or part or parts thereof owned, constructed or operated by an authority under this chapter. See Delaware Code Title 16 Sec. 1401
  • 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
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