Any bond issued pursuant to this chapter may be issued with a provision permitting its redemption prior to its stated maturity, at par and accrued interest, plus such redemption premium as may be prescribed by the governing body, but no bond is redeemable prior to its stated maturity unless it contains a statement to that effect. In the proceedings authorizing the issuance of such bonds, provision must be made specifying the manner of call and the notice thereof that must be given as to bonds redeemable prior to their stated maturities.
HISTORY: 1962 Code Section 14-700.206; 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.