South Carolina Statutes
§ 59-121-360 — Liability of State and persons signing bonds for payment of principal and interest.
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 visitors nor any other person signing the bonds is personally liable therefor.
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South Carolina § 59-121-360 (Liability of State and persons signing bonds for payment of principal and interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 356, SECTION 2(B).
Nearby Sections
15
§ 59-121-10
Board of visitors; composition.§ 59-121-20
Terms of board members.§ 59-121-30
Election of board members; age limit.§ 59-121-310
Purpose.§ 59-121-320
Definitions.§ 59-121-330
Visitors authorized to acquire, construct, renovate, and equip athletic facilities; bond management costs.§ 59-121-380
Tax exempt status.§ 59-121-390
Fiduciaries as authorized investors.