South Carolina § 49-19-2140 Levy of tax to pay bonds and interest.

South Carolina Statutes

§ 49-19-2140 — Levy of tax to pay bonds and interest.

South Carolina § 49-19-2140

Title 49WATERS, WATER RESOURCES AND DRAINAGE

Ch. 19DRAINAGE DISTRICTS UNDER 1920 ACT

This text of South Carolina § 49-19-2140 (Levy of tax to pay bonds and interest.) 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. § 49-19-2140 (2026).

Text

The board of supervisors in making the annual tax levy, as heretofore provided, shall take into account the maturing bonds and interest on all bonds and make provision in advance for the payment thereof. In case the proceeds of the original tax levy made under the provisions of SECTION 49-19-1610 are not sufficient to pay the principal and interest on all bonds issued the board of supervisors shall make such additional levy or levies upon benefits assessed as are necessary for this purpose and under no circumstances shall any tax levies be made that will in any manner or to any extent impair the security of the bonds or the fund available for the payment of the principal and interest of thereof.

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The board of supervisors in making the annual tax levy, as heretofore provided, shall take into account the maturing bonds and interest on all bonds and make provision in advance for the payment thereof. In case the proceeds of the original tax levy made under the provisions of SECTION 49-19-1610 are not sufficient to pay the principal and interest on all bonds issued the board of supervisors shall make such additional levy or levies upon benefits assessed as are necessary for this purpose and under no circumstances shall any tax levies be made that will in any manner or to any extent impair the security of the bonds or the fund available for the payment of the principal and interest of thereof.

Legislative History

HISTORY: 1962 Code SECTION 18-594; 1952 Code SECTION 18-594; 1942 Code SECTION 6196; 1932 Code SECTION 6196; Civ. C. '22 SECTION 3250; 1920 (31) 663; 1932 (37) 1253.