South Carolina Statutes
§ 59-123-240 — Credit of state not to be pledged; trustees not liable on bonds.
The faith and credit of the State of South Carolina shall not be pledged for the payment of the principal and interest of such bonds, and there shall be on the face of each bond a statement plainly worded, to that effect. Neither the trustees nor any other person signing the bonds shall be personally liable therefor.
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South Carolina § 59-123-240 (Credit of state not to be pledged; trustees not liable on bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1982 Act No. 392, SECTION 5.
Nearby Sections
15
§ 59-123-10
Change of name; programs limited to health area; new programs and organizational changes.§ 59-123-100
Rules governing admissions not changed.§ 59-123-110
College of Dental Medicine established.§ 59-123-20
Acceptance of transfer of property.§ 59-123-210
Additional student and faculty housing authorized from bond proceeds; refunding authorized.§ 59-123-220
Trustees authorized to issue revenue bonds; limitation; refunding; use of proceeds and facilities.§ 59-123-230
Bonds payable from net housing revenues.§ 59-123-260
Form of bonds.§ 59-123-270
Bonds and interest tax exempt.§ 59-123-290
Execution of bonds.