South Carolina Statutes
§ 59-123-250 — Resolutions for issuance of bonds; maturity; interest; denominations; redemption.
In order to avail themselves of the authorizations set forth in Sections 59-123-210 through 59-123-320, the trustees shall adopt resolutions providing for the issuance of bonds of the Medical University, within the limitations herein mentioned, which resolutions shall prescribe the tenor, terms, and conditions of such bonds. Such bonds shall be issued as serial bonds, maturing in equal or unequal amounts, at such times and on such occasions as the trustees shall determine. Provided, always, that the last maturing bonds of any issue shall be expressed to mature not later than forty years from their date, and the first maturing bonds of any issue, issued pursuant to this act, shall fall due within five years from their date. They shall bear such rates of interest, payable on such occasion, a
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South Carolina § 59-123-250 (Resolutions for issuance of bonds; maturity; interest; denominations; redemption.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1982 Act No. 392, SECTION 6.
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.