South Carolina Statutes
§ 59-127-80 — One half of land scrip fund vested in board.
One half of the fund known as the land scrip fund, to wit: Ninety-five thousand and nine hundred dollars, shall be for the benefit of the South Carolina State University and shall be a perpetual fund, which shall forever remain undiminished, and the board of trustees is authorized to use the income thereon, to wit: Six per cent per annum, payable semiannually, from July 1, 1889 for the use and maintenance of such college.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 59-127-80 (One half of land scrip fund vested in board.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 22-557; 1952 Code SECTION 22-557; 1942 Code SECTION 5805; 1932 Code SECTION 5805; Civ. C. '22 SECTION 2824; Civ. C. '12 SECTION 1884; Civ. C. '02 SECTION 1298; 1889 (20) 299; 1868 (14) 169; 1879 (17) 86; 1896 (22) 173; 1954 (48) 1722; Const. Art. 11, SECTION 8.
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.