South Carolina Statutes
§ 4-19-30 — Conditions precedent to issuance of bonds.
As a condition precedent to the issuance of any bonds under this chapter, the governing body shall provide for either:
(a)The levy and collection of an annual ad valorem tax within the service areas where fire protection services will be furnished from the proceeds of the bonds to be issued which will be sufficient to provide for the payment of the principal and interest on the bonds to be issued; or (b) The imposition of rates and charges for the furnishing of fire protection services within each service area where fire protection services will be furnished from the proceeds of the bonds to be issued which will be sufficient to provide for the payment of the principal and interest on the bonds to be issued. The finding by the governing body that one of these conditions precedent to the i
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South Carolina § 4-19-30 (Conditions precedent to issuance of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 14-700.203; 1974 (58) 2681; 1984 Act No. 408, SECTION 2.
Nearby Sections
15
§ 4-19-10
Powers of governing body generally.§ 4-19-100
Interest on bonds.§ 4-19-110
Execution of bonds.§ 4-19-120
Advertisement and sale of bonds.§ 4-19-150
Bonds exempt from taxation.§ 4-19-180
No time limit set for issuance of bonds.