South Carolina Statutes
§ 31-3-920 — Effect of outstanding obligations of county housing authority upon creation of regional housing authority.
The legislative delegation of a county shall not adopt a resolution as aforesaid if there is a county housing authority created for such county which has any obligations outstanding unless (a) all obligees of such county housing authority and parties to contracts, bonds, notes and other obligations of such county housing authority consent in writing to the substitution of such regional housing authority in lieu of such county housing authority on all such contracts, bonds, notes or other obligations and (b) the commissioners of such county housing authority adopt a resolution consenting to the transfer of all the rights, contracts, obligations and property, real and personal, of such county housing authority to such regional housing authority as herein provided.
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South Carolina § 31-3-920 (Effect of outstanding obligations of county housing authority upon creation of regional housing authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 36-202; 1952 Code SECTION 36-202; 1942 Code SECTION 5271-55; 1940 (41) 1687; 1942 (42) 1742.
Nearby Sections
15
§ 31-3-10
Short title.§ 31-3-1010
Area of operation.§ 31-3-1020
Increase of area of operation.§ 31-3-1050
Effect of increase of area of operation on property, obligations, and the like of county authority.§ 31-3-1060
Decrease of area of operation.§ 31-3-1070
Consent of all holders of evidences of indebtedness prerequisite to decrease of area of operation.§ 31-3-1110
Assumption of obligations by county of regional authority disclosed subsequent to withdrawal.§ 31-3-1130
Disposition of property in excluded county.