South Carolina Statutes
§ 4-15-180 — Deposit and application of proceeds of sale of bonds.
The proceeds derived from the sale of any such bonds shall be deposited with the county treasurer in a special fund to the credit of the county and shall be applied solely to the purposes for which the bonds were issued, except that the premium, if any, shall be placed in the sinking fund established by Section 4-15-150 and the accrued interest, if any, shall be used to discharge in part the first interest to become due on such bonds.
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South Carolina § 4-15-180 (Deposit and application of proceeds of sale of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 14-528; 1952 Code SECTION 14-528; 1951 (47) 763.
Nearby Sections
15
§ 4-15-10
Short title.§ 4-15-100
Place of payment.§ 4-15-110
Interest rates.§ 4-15-120
Execution of bonds.§ 4-15-130
Advertisement and sale of bonds.§ 4-15-140
Minimum sale price.§ 4-15-160
Exemption from taxes.§ 4-15-20
Definitions.§ 4-15-50
Notice of election.