South Carolina § 51-15-520 Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.

South Carolina Statutes

§ 51-15-520 — Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.

South Carolina·Title 51 PARKS, RECREATION, AND TOURISM·Ch. 15 MUNICIPAL PARKS AND RECREATIONAL FACILITIES

Any such city or municipality may create corporations, own stock therein and name directors and officers for the management thereof, for the purpose of having the corporations acquire properties in like manner as provided in Section 51-15-510 for the uses set out therein. The Secretary of State may issue charters for such corporations just as charters are now issued for business corporations and such corporations when formed shall have the powers of usual business corporations, with special authority to buy, sell, own, lease or mortgage the real and personal property so acquired.

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Any such city or municipality may create corporations, own stock therein and name directors and officers for the management thereof, for the purpose of having the corporations acquire properties in like manner as provided in Section 51-15-510 for the uses set out therein. The Secretary of State may issue charters for such corporations just as charters are now issued for business corporations and such corporations when formed shall have the powers of usual business corporations, with special authority to buy, sell, own, lease or mortgage the real and personal property so acquired.

South Carolina § 51-15-520 (Creation of corporations to acquire property for parks, playgrounds, and athletic facilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.