South Carolina § 11-15-470 Maturities.

South Carolina Statutes

§ 11-15-470 — Maturities.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 15 BONDS OF POLITICAL SUBDIVISIONS

Such refunding bonds shall mature in such annual series or installments, equal or unequal in amount, as the governing body shall provide, except that:

(1)The first maturing bonds shall mature within five years from the date as of which they are issued;

(2)Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.

Free access — add to your briefcase to read the full text and ask questions with AI

Such refunding bonds shall mature in such annual series or installments, equal or unequal in amount, as the governing body shall provide, except that: (1) The first maturing bonds shall mature within five years from the date as of which they are issued; (2) Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.

South Carolina § 11-15-470 (Maturities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.