South Carolina Statutes
§ 59-130-290 — Resolutions, covenants, and agreements constitute binding and enforceable contracts.
All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-130-230 and of the covenants and agreements constitute valid and legally binding contracts between the college and the several holders of the bonds, regardless of the time of issuance of the bonds, and is enforceable by the holder or holders by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.
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South Carolina § 59-130-290 (Resolutions, covenants, and agreements constitute binding and enforceable contracts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 350, SECTION 1.
Nearby Sections
15
§ 59-130-10
Board of trustees.§ 59-130-20
Compensation of board members.§ 59-130-210
"Equipment" defined.§ 59-130-220
Authority to issue revenue bonds.§ 59-130-240
Revenue bonds.§ 59-130-250
Bonds exempt from taxes.§ 59-130-260
Bonds to be signed.§ 59-130-270
Sale of bonds.§ 59-130-30
Powers of board.§ 59-130-35
Authorization to sell Remley's Point; use of certain appropriated funds; use of proceeds from sale.§ 59-130-40
Meetings of board.