South Carolina Statutes
§ 59-127-340 — Trustees to adopt resolutions for issuance of bonds; single issue or separate issues authorized.
South Carolina § 59-127-340
This text of South Carolina § 59-127-340 (Trustees to adopt resolutions for issuance of bonds; single issue or separate issues authorized.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-127-340 (2026).
Text
In order to utilize the authorizations of this article, the trustees, on behalf of the university, shall adopt resolutions providing for the issuance of the bonds within the limitations mentioned, and by that resolution shall prescribe the tenor, terms, and conditions of the bonds and the obligations of the university incurred in connection with their issuance. The bonds may be issued as a single issue or as several separate issues. In the event that the bonds are issued as two or more issues, then all bonds must be on a parity in all respects inter se and are equally and ratably entitled to payment from the sources provided in this article.
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Legislative History
HISTORY: 1992 Act No. 514, SECTION 6.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-127-340, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/127/59-127-340.