South Carolina § 49-19-1250 Borrowing for preliminary expenses.

South Carolina Statutes

§ 49-19-1250 — Borrowing for preliminary expenses.

South Carolina § 49-19-1250

Title 49WATERS, WATER RESOURCES AND DRAINAGE

Ch. 19DRAINAGE DISTRICTS UNDER 1920 ACT

This text of South Carolina § 49-19-1250 (Borrowing for preliminary expenses.) 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. § 49-19-1250 (2026).

Text

If it shall appear necessary to obtain funds to pay any expense incurred or to be incurred in organizing the district before a sufficient sum can be obtained by the collection of such uniform tax the board of supervisors may borrow a sufficient amount of money to meet emergencies at a rate of interest not exceeding eight per cent per annum and may issue negotiable notes therefor, signed by members of the board, and may pledge any and all assessments made under the provisions of SECTION 49-19-1210 for the repayment thereof.

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If it shall appear necessary to obtain funds to pay any expense incurred or to be incurred in organizing the district before a sufficient sum can be obtained by the collection of such uniform tax the board of supervisors may borrow a sufficient amount of money to meet emergencies at a rate of interest not exceeding eight per cent per annum and may issue negotiable notes therefor, signed by members of the board, and may pledge any and all assessments made under the provisions of SECTION 49-19-1210 for the repayment thereof.

Legislative History

HISTORY: 1962 Code SECTION 18-505; 1952 Code SECTION 18-505; 1942 Code SECTION 6166; 1932 Code SECTION 6166; Civ. C. '22 SECTION 3220; 1920 (31) 663; 1924 (33) 1124.