South Carolina Statutes
§ 59-117-300 — Execution of bonds and coupons; registration as to principal and interest.
The bonds and coupons, if any, attached to the bonds, are executed manually or by facsimile in the name of the University in the manner and by persons as the trustees from time to time determine, and the seal of the University must be affixed to or impressed or reproduced on each bond. Any coupons attached to the bonds must be authenticated by the facsimile signature of one or more of the persons signing the bonds. The bonds, in the discretion of the trustees, may be registerable as to principal and interest on books kept for them by or on behalf of the University, including by a corporate registrar. The delivery of the executed bonds is valid notwithstanding changes in officers or in the seal occurring after the execution. Notwithstanding the foregoing, the bonds, in the discretion of the
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South Carolina § 59-117-300 (Execution of bonds and coupons; registration as to principal and interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1990 Act No. 502, SECTION 4.
Nearby Sections
15
§ 59-117-100
President shall not be atheist or infidel.§ 59-117-110
Prior authorization for campus closing.§ 59-117-20
Terms of members of board.§ 59-117-210
Purpose; authorization.§ 59-117-220
Definitions.§ 59-117-240
Issuance of bonds; limit.§ 59-117-250
Funding of bonds; security, generally.§ 59-117-270
Bond specifications; issuing resolutions.§ 59-117-280
Tax exempt status.§ 59-117-290
Who may invest in bonds.§ 59-117-30
Vacancies; compensation.