(1) Definitions:
(a) "Bonds" shall include general obligations of the issuer and obligations of the issuer payable in whole or in part from any special fund or other source, any part of which is expressed to mature more than twelve months from the date thereof but shall not include obligations issued in anticipation of the collection of taxes or in anticipation of the issuance of bonds.
(b) "State agency" shall mean the State of South Carolina, its agencies and institutions.
(c) "Governing board" shall mean the board, commission, board of trustees, authority, or any other public body upon which is devolved by law the administrative and executive duties relating to the issuance of bonds of any state agency.
(2) In every instance where the governing board of any state agency shall propose to effect the issuance of bonds, it shall make a full record of the proceedings relating to the issuance of such bonds, exclusive of papers and documents relating to the delivery of such bonds, and shall, prior to the delivery of such bonds, file a copy of such record in the office of the Secretary of State. It shall be the duty of the Secretary of State to file and index the record in a special book to be kept by such officer for such purpose. The Secretary of State shall be authorized to prepare and deliver certified copies of the records as thus filed and to deliver them to the purchasers of the bonds or other interested parties. For each such certification a reasonable fee may be charged.
HISTORY: 1962 Code Section 1-644.1; 1967 (55) 491.
Structure South Carolina Code of Laws
Chapter 15 - Bonds Of Political Subdivisions
Section 11-15-10. Record of public bond issues to be kept and filed.
Section 11-15-30. Bonds incontestable from twenty days after filing and indexing.
Section 11-15-90. Failure to make payment or remit funds for payment of obligations.
Section 11-15-100. Requirements for incurring general obligation debt.
Section 11-15-230. Deposit of collections for sinking fund.
Section 11-15-240. Holding of sinking fund investments.
Section 11-15-250. Advertisements for purchase of securities.
Section 11-15-260. Choice of investments.
Section 11-15-270. Sale of bonds in sinking fund.
Section 11-15-280. Statements to be filed in the office of the clerk of court.
Section 11-15-290. Failure to make investments in accordance with article; penalties.
Section 11-15-300. Provisions not applicable to certain counties.
Section 11-15-410. Short title.
Section 11-15-420. Declaration of purpose.
Section 11-15-430. Definitions.
Section 11-15-440. Extent to which refunding bonds may be issued.
Section 11-15-450. Time when refunding bonds may be issued.
Section 11-15-460. Interest rate.
Section 11-15-470. Maturities.
Section 11-15-480. Redemption privilege.
Section 11-15-490. Negotiability; registration.
Section 11-15-500. Place of payment.
Section 11-15-510. Execution of bonds.
Section 11-15-520. Sale of bonds.
Section 11-15-530. Sales price.
Section 11-15-540. Pledges and covenants to ensure payment; ad valorem tax.
Section 11-15-550. Exemption from taxes.
Section 11-15-560. Bonds legal for fiduciary and sinking fund commission investment.
Section 11-15-570. Use of bonds to pay taxes.
Section 11-15-580. Holder of bonds may require levying of taxes and enforce covenants.