South Carolina § 11-27-90 Form, sale, and maturity of bonds or other obligations.

South Carolina Statutes

§ 11-27-90 — Form, sale, and maturity of bonds or other obligations.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 27 EFFECT OF NEW ARTICLE X OF CONSTITUTION ON BONDED AND OTHER TYPES OF INDEBTEDNESS

Notwithstanding any contrary provision of any law relating to the form, sale and maturity of bonds or other obligations of any county, city, town, township, public service district, special purpose district, public housing authority, school district or any other agency or political subdivision of the State:

(a)Such bonds may be in fully registered form and the interest thereon may be payable at such intervals as the governing body of the issuer shall prescribe;

(b)Such bonds may be sold at private sale to the United States of America or any agency or department thereof; and (c) If such bonds are sold to the United States of America or any agency or department thereof, they may be expressed to mature not later than fifty years from the date as of which they shall be issued or such shorter

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Notwithstanding any contrary provision of any law relating to the form, sale and maturity of bonds or other obligations of any county, city, town, township, public service district, special purpose district, public housing authority, school district or any other agency or political subdivision of the State: (a) Such bonds may be in fully registered form and the interest thereon may be payable at such intervals as the governing body of the issuer shall prescribe; (b) Such bonds may be sold at private sale to the United States of America or any agency or department thereof; and (c) If such bonds are sold to the United States of America or any agency or department thereof, they may be expressed to mature not later than fifty years from the date as of which they shall be issued or such shorter period as may be required by New Article X of the Constitution of South Carolina, and the amount, date and frequency of the maturities of such bonds or other obligations shall be as prescribed by the governing body of the issuer.

South Carolina § 11-27-90 (Form, sale, and maturity of bonds or other obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.