Del. Code Ann. tit. 22, § 1703
Bonds to finance development of industrial, commercial or residential area authorized
74 Del. Laws, c. 145, § 1;
In addition to whatever other powers it may have, and notwithstanding any limitation of law, any municipality may borrow money by issuing and selling bonds, at any time and from time to time, for the purpose of financing the development of an industrial, commercial or residential area.