South Carolina Statutes
§ 55-11-190 — Obligations not to be impaired.
So long as the district shall be indebted to any person on any bonds, notes or other obligations issued pursuant to the authority of this article, provisions of this article and the powers granted to the district and the commission shall not be in any way diminished, and the provisions of this article shall be deemed a part of the contract between the district and the holders of such obligations.
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South Carolina § 55-11-190 (Obligations not to be impaired.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 2-320.3; 1959 (51) 101; 2012 Act No. 270, SECTION 5, eff June 18, 2012. Effect of Amendment The 2012 amendment made nonsubstantive changes.
Nearby Sections
15
§ 55-11-10
Powers of board of trustees.§ 55-11-140
Powers and duties of Commission.§ 55-11-150
Issuance of revenue bonds.§ 55-11-160
Disposition of unpledged revenues.§ 55-11-180
Property and income exempt from taxes.§ 55-11-190
Obligations not to be impaired.§ 55-11-200
Contributions by counties equalized.