Bonds issued pursuant to this chapter shall bear interest at a rate or rates determined by the governing body, not in excess of that permitted by the general law of the State prescribing limitations upon the rate of interest borne by obligations of the State and its political subdivisions, which interest may be payable at such intervals as the governing body may prescribe.
HISTORY: 1962 Code Section 14-700.209; 1974 (58) 2681; 1984 Act No. 408, Section 2.
Structure South Carolina Code of Laws
Chapter 19 - Fire Protection Services
Section 4-19-10. Powers of governing body generally.
Section 4-19-25. Creation of fire protection districts validated.
Section 4-19-30. Conditions precedent to issuance of bonds.
Section 4-19-40. No further action required for issuance of bonds.
Section 4-19-50. Power to issue bonds.
Section 4-19-60. Maturity of bonds.
Section 4-19-70. Redemption of bonds.
Section 4-19-80. Form and negotiability of bonds; registration.
Section 4-19-90. Place of payment.
Section 4-19-100. Interest on bonds.
Section 4-19-110. Execution of bonds.
Section 4-19-120. Advertisement and sale of bonds.
Section 4-19-130. Additional security for payment of bonds.
Section 4-19-150. Bonds exempt from taxation.
Section 4-19-160. Disposition of proceeds from sale of bonds; use of balance in bond account.
Section 4-19-170. Powers to be additional and may be exercised at regular or special meeting.