General Obligation Bonds | Midpage

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South Carolina Code of Laws

Article 5

General Obligation Bonds

5-21-210Short title 5-21-220Definitions 5-21-230Declaration of purpose 5-21-240Municipal councils authorized to issue bonds; extent of issue 5-21-250Petition for election on issuance 5-21-260Notice of filing of petition 5-21-270Action on petition 5-21-280Time for holding election 5-21-290Notice of the holding of the election 5-21-300Qualified voters 5-21-310Ballots 5-21-320Declaration of result of election; effect when filed 5-21-330Issuance of bonds as single issue or as several separate issues; time limit for issuance of bonds 5-21-340Maturity of bonds 5-21-350Redemption privilege 5-21-360Negotiability; registration 5-21-370Place of payment 5-21-380Interest rate 5-21-390Execution of bonds 5-21-400Pledge of credit for payment and tax therefor; sinking fund 5-21-410Additional pledge of utility revenues 5-21-420Covenants permissible if revenues are pledged 5-21-430Sale of bonds 5-21-440Minimum sale price 5-21-450Deposit and use of proceeds 5-21-460Bonds are legal investments for fiduciaries and sinking funds commissions 5-21-470Exemption from taxes 5-21-480Use of bonds in payment of taxes 5-21-490Bond holder's right to require levying of taxes and to enforce covenants 5-21-500Diversion of and payment of funds; penalties