South Carolina Statutes
§ 6-17-110 — All refunding bonds shall be ratably secured.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 17 REVENUE BOND REFINANCING ACT OF 1937
All refunding bonds of the same issue shall be equally and ratably secured, without priority by reason of number or date of bonds, of sale, of execution or of delivery, by a lien upon the revenues of the enterprise in accordance with the provisions of SECTION 6-17-90 and the resolution authorizing the issuance of such refunding bonds.
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South Carolina § 6-17-110 (All refunding bonds shall be ratably secured.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 59-661; 1952 Code SECTION 59-661; 1942 Code SECTION 9293; 1937 (40) 313.
Nearby Sections
15
§ 6-17-10
Short title.§ 6-17-150
Sale or exchange of bonds.§ 6-17-190
Fiscal agent.§ 6-17-20
Definitions.§ 6-17-200
Appointment of receiver of enterprise.§ 6-17-210
Powers and duties of receiver.