South Carolina Statutes
§ 13-21-130 — Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.
All provisions of a resolution authorizing the issuance of the bonds in accordance with this chapter and any covenants and agreements constitute legally binding contracts between the authority and the several holders of the bonds, regardless of the time of issuance of the bonds, and are enforceable by any holder by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.
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South Carolina § 13-21-130 (Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 515, SECTION 5, eff July 1, 1992.
Nearby Sections
15
§ 13-21-100
Signature and attestation of bonds.§ 13-21-130
Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.§ 13-21-220
Purposes for which authority is or is not "agency," "state agency," or state institution.§ 13-21-230
Severability.§ 13-21-30
Rights and powers of board.