South Carolina § 59-147-100 Effect of authorizing resolution to issue bonds; enforceability of contract.

South Carolina Statutes

§ 59-147-100 — Effect of authorizing resolution to issue bonds; enforceability of contract.

South Carolina § 59-147-100

Title 59EDUCATION

Ch. 147HIGHER EDUCATION REVENUE BOND ACT

This text of South Carolina § 59-147-100 (Effect of authorizing resolution to issue bonds; enforceability of contract.) 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. § 59-147-100 (2026).

Text

All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-147-40 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 are 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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All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-147-40 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 are 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.