South Carolina Statutes
§ 59-136-380 — Authorizing resolution constitutes binding contract; enforcement.
All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-136-320 and of the covenants and agreements constitute valid and legally binding contracts between the university 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 § 59-136-380 (Authorizing resolution constitutes binding contract; enforcement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1993 Act No. 69, SECTION 1.
Nearby Sections
15
§ 59-136-100
Establishment.§ 59-136-110
Board of trustees.§ 59-136-120
Trustees; subsistence, per diem, and mileage.§ 59-136-140
Meetings of board.§ 59-136-300
Equipment defined.§ 59-136-310
Authority to issue revenue bonds.§ 59-136-330
Particulars of bonds; must be negotiable.§ 59-136-340
Tax exempt status.§ 59-136-350
Signature on bonds and coupons.§ 59-136-360
Sale of bonds.