Whenever the favorable result of an election is prescribed by the Constitution or applicable statute as a condition precedent to the issuance of bonds by the borrower, then prior to the issuance of any notes pursuant to this chapter, the election shall have been held and shall have resulted favorably to the issuance of such bonds.
HISTORY: 1962 Code Section 1-624; 1965 (54) 150.
Structure South Carolina Code of Laws
Section 11-17-10. Definitions.
Section 11-17-30. Use of other funds for payment of notes.
Section 11-17-40. Manner of issuing notes.
Section 11-17-50. Necessity of holding election before issuance of notes.
Section 11-17-60. Resolution of governing body; consent or approval required; renewal or refunding.
Section 11-17-70. Notes secured by full faith, credit, and taxing power of borrower.
Section 11-17-80. Purpose of bonds deemed to include payment of notes.
Section 11-17-90. Application of proceeds of notes.
Section 11-17-100. Application of proceeds of bonds to payment of notes.