S.C. Code § 11-17-70

Current through 2024 Act No. 225.
Section 11-17-70 - Notes secured by full faith, credit, and taxing power of borrower

Notes issued pursuant to this chapter in anticipation of the issuance of general obligation bonds shall be general obligations of the borrower also secured by a pledge of the full faith, credit and taxing power of the borrower, and any governing body is authorized to make such a pledge in the proceedings providing for the issuance of any notes pursuant to this chapter in anticipation of the issuance of general obligation bonds.

S.C. Code § 11-17-70

1969 (56) 809; 1962 Code Section 1-625.1.