South Carolina § 5-21-340 Maturity of bonds.

South Carolina Statutes

§ 5-21-340 — Maturity of bonds.

South Carolina § 5-21-340

Title 5MUNICIPAL CORPORATIONS

Ch. 21FINANCIAL MATTERS GENERALLY

This text of South Carolina § 5-21-340 (Maturity of bonds.) 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. § 5-21-340 (2026).

Text

Bonds issued hereunder shall mature in such annual series or instalments, equal or unequal in amount, as the municipal council shall provide, except that:

(1)The first maturing bonds shall mature within five years from the date as of which they are issued;

(2)Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.

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Bonds issued hereunder shall mature in such annual series or instalments, equal or unequal in amount, as the municipal council shall provide, except that: (1) The first maturing bonds shall mature within five years from the date as of which they are issued; (2) Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.