South Carolina Statutes
§ 59-119-760 — Bonds not guaranteed by State; trustees not personally liable.
The faith and credit of the State may not be pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable for them.
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South Carolina § 59-119-760 (Bonds not guaranteed by State; trustees not personally liable.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1990 Act No. 502, SECTION 1.
Nearby Sections
15
§ 59-119-1000
Execution of bonds and coupons; authentication; bonds registerable as to principal and interest; changes.§ 59-119-1050
Effectiveness of authorizations.§ 59-119-140
Annual report by board.