Delaware § 2404 - Power to borrow money and issue bonds; interest rates.
Full text of Delaware Delaware Code § 2404 — Power to borrow money and issue bonds; interest rates., with citation guidance and answers to common questions.
§ 2404. Power to borrow money and issue bonds; interest rates.
The County Council may borrow money upon the faith and credit of the County as provided in this chapter for the purpose of acquiring land and property for the establishment of an incineration and garbage disposal plant or plants and for the construction of such a plant or plants in the County and for the purpose of securing the payment of such sum to issue bonds in such denominations and bearing such rate of interest, not exceeding 5 percent per annum, and in such form as the County Council shall deem expedient. The interest upon said bonds shall be payable semiannually in each and every year after the date of issuance thereof.
48 Del. Laws, c. 377, § 4; 9 Del. C. 1953, § 2404; 49 Del. Laws, c. 353; 55 Del. Laws, c. 85, §§ 16A-16C; 71 Del. Laws, c. 401, § 15;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 2404
What does Delaware Code § 2404 cover?
Section 2404 ("Power to borrow money and issue bonds; interest rates.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 2404?
A common citation format is "Delaware Code § 2404" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 2404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.