South Carolina Statutes
§ 11-27-80 — Outstanding bonds, notes, or other evidences of indebtedness not impaired.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 27 EFFECT OF NEW ARTICLE X OF CONSTITUTION ON BONDED AND OTHER TYPES OF INDEBTEDNESS
Every bond, note or other evidence of indebtedness outstanding on the ratification date which has been issued by the State, or any agency, authority or institution of the State, or by any political subdivision or school district of the State is hereby declared to be a legal, valid and binding obligation of the issuer in accordance with the tenor and terms of such instrument.
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South Carolina § 11-27-80 (Outstanding bonds, notes, or other evidences of indebtedness not impaired.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1977 Act No. 125 SECTION 9.
Nearby Sections
11
§ 11-27-10
Definitions.§ 11-27-100
Duties of State Treasurer.§ 11-27-20
Effect of New Article X on other laws.§ 11-27-30
Effect of New Article X on state bonds.§ 11-27-60
Prior bond issues unaffected.