South Carolina § 59-119-90 Investment of certain moneys from Clemson bequest in State stock.

South Carolina Statutes

§ 59-119-90 — Investment of certain moneys from Clemson bequest in State stock.

South Carolina § 59-119-90

Title 59EDUCATION

Ch. 119CLEMSON UNIVERSITY

This text of South Carolina § 59-119-90 (Investment of certain moneys from Clemson bequest in State stock.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 59-119-90 (2026).

Text

The State Treasurer having by due authority of law invested certain funds which were turned over to him as a part of the Clemson bequest in Brown consols of this State and having been issued a certificate of State stock in a sum equal to the value of such Brown consols, bearing interest at the rate of six per cent per annum, payable semiannually, to the board of trustees of Clemson University, the same shall be held as a perpetual fund, the capital of which shall forever remain undiminished and the interest on which shall be used by such board of trustees for the uses of the university.

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The State Treasurer having by due authority of law invested certain funds which were turned over to him as a part of the Clemson bequest in Brown consols of this State and having been issued a certificate of State stock in a sum equal to the value of such Brown consols, bearing interest at the rate of six per cent per annum, payable semiannually, to the board of trustees of Clemson University, the same shall be held as a perpetual fund, the capital of which shall forever remain undiminished and the interest on which shall be used by such board of trustees for the uses of the university.

Legislative History

HISTORY: 1962 Code SECTION 22-209; 1952 Code SECTION 22-209; 1942 Code SECTION 5737; 1932 Code SECTION 5737; Civ. C. '22 SECTION 2833; Civ. C. '12 SECTION 1893; Civ. C. '02 SECTION 1307; R. S. 1125; 1891 (20) 1054.