South Carolina Statutes
§ 59-127-330 — Full faith and credit of State not pledged; no personal liability for executing bonds.
The faith and credit of the State of South Carolina must not be pledged for the payment of the principal and interest on the bonds and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other persons executing the bonds are personally liable for them.
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South Carolina § 59-127-330 (Full faith and credit of State not pledged; no personal liability for executing bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 514, SECTION 5.
Nearby Sections
15
§ 59-127-20
Board of trustees; election; terms.§ 59-127-30
Quorum at board meetings.§ 59-127-310
Definitions.§ 59-127-340
Trustees to adopt resolutions for issuance of bonds; single issue or separate issues authorized.§ 59-127-350
Requirements of bonds.§ 59-127-360
Registration of bonds.§ 59-127-370
Tax exempt status.§ 59-127-380
Persons who may lawfully invest in bonds.§ 59-127-390
Execution and delivery of bonds.§ 59-127-40
Management and control of Claflin College.§ 59-127-400
Sale of bonds.