There is a newer version
of
this Section
2017 South Carolina Code of Laws
Title 4 - Counties
CHAPTER 15 - COUNTY BONDS
Section 4-15-70. Maturity of bonds.
Universal Citation: SC Code § 4-15-70 (2017)
Any such bonds shall mature in such annual series or installments as the authorities shall provide, except that:
(1) The first maturing bonds shall mature within three years from the date as of which they may be issued;
(2) Not less than three per cent of the aggregate of the issue shall mature in any year; and
(3) No bond shall mature later than twenty-five years from the date as of which it may be issued.
The provisions of this section shall not prevent the authorities from issuing the aggregate of the bonds authorized by the election on one or more occasions, as two or more issues.
HISTORY: 1962 Code Section 14-517; 1952 Code Section 14-517; 1951 (47) 763.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
