South Carolina Statutes
§ 59-119-960 — Pledge of state faith and credit prohibited; statement; personal liability.
The faith and credit of the State must not be pledged for the payment of the principal and interest of such 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 therefor.
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South Carolina § 59-119-960 (Pledge of state faith and credit prohibited; statement; personal liability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 144, 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.