Delaware Code Title 9 Sec. 653 – Payment and retirement of bonds
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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.
9 Del. C. 1953, § ?653; 49 Del. Laws, c. 112, § ?1; 57 Del. Laws, c. 762, § ?4B; 63 Del. Laws, c. 142, § ?14;
Terms Used In Delaware Code Title 9 Sec. 653
- County government: means the county governing body. See Delaware Code Title 9 Sec. 602
- 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