Whenever the department shall have reason to doubt the solvency of any surety whose name appears upon any bond executed for the purpose of securing the payment of the phosphate royalty by any person digging, mining and removing phosphate rock or phosphatic deposits in any of the territory, the property of the State, under any grant or license, the department shall forthwith notify the person giving such bond and the sureties thereon and require that one or more sureties, as the case may be, shall be added to the bond, such surety or sureties to be approved by the department.
HISTORY: 1962 Code Section 1-370; 1952 Code Section 1-370; 1942 Code Section 2221; 1932 Code Section 2221; Civ. C. '22 Section 158; Civ. C. '12 Section 151; Civ. C. '02 Section 144; R. S. 100; 1883 (18) 304; 2014 Act No. 121 (S.22), Pt V, Section 7.M, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.M, substituted "department" for "board" throughout.
Structure South Carolina Code of Laws
Title 10 - Public Buildings and Property
Chapter 9 - Minerals And Mineral Interests In Public Lands
Section 10-9-10. Leases of gas, oil, and certain other minerals.
Section 10-9-20. Minimum royalty.
Section 10-9-35. Disposition of revenues received from offshore oil leases.
Section 10-9-40. Authority conferred by article is cumulative.
Section 10-9-120. Protection of the state's interest against adverse claimants.
Section 10-9-130. Department may issue leases or licenses; notice of applications.
Section 10-9-140. Department may grant or refuse application for license.
Section 10-9-150. Bond of licensee.
Section 10-9-160. Additional security to bonds may be required.
Section 10-9-170. Proceeding for relief of sureties; new bond and its effect.
Section 10-9-180. Power to fix and change rates for digging phosphate.
Section 10-9-190. Returns of rock mined; payment of royalty; rate of royalty.
Section 10-9-200. Comptroller General notified of licenses issued.
Section 10-9-210. Mining without license; penalty.
Section 10-9-220. Purchasing or receiving from unlicensed person.
Section 10-9-230. Penalty for violation of Section 10-9-220.
Section 10-9-240. Department may take measures to prevent interference, obstruction, or molestation.
Section 10-9-260. Interfering with State, department, or licensees; mining without license.
Section 10-9-270. Annual report to General Assembly.