South Carolina Statutes
§ 6-23-130 — Issuance of bonds authorized.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 23 JOINT MUNICIPAL ELECTRIC POWER AND ENERGY ACT
A joint agency may issue bonds pledging to the payment thereof as to both principal and interest the revenues, or any portion thereof, derived or to be derived from all or any of its projects, and any additions and betterments thereto or extensions thereof, or contributions or advances from its members. Bonds of a joint agency shall be authorized by resolution adopted by its board of directors.
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South Carolina § 6-23-130 (Issuance of bonds authorized.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1978 Act No. 473, SECTION 14.
Nearby Sections
15
§ 6-23-10
Short title.§ 6-23-110
Municipalities may contract to buy power; terms of contract; sources of payment; advances.§ 6-23-130
Issuance of bonds authorized.§ 6-23-150
Trust agreements.§ 6-23-180
Legal action by bond holder and trustee.§ 6-23-20
Definitions.§ 6-23-200
Investment in bonds lawful.§ 6-23-220
Issuance of refunding bonds authorized.§ 6-23-230
Bonds tax exempt.