No bond, note, coupon or other obligation issued pursuant to the provisions of this chapter shall ever constitute a debt of the State within the meaning of any State constitutional or statutory provision and each bond shall recite on its face that it is payable solely from the revenues pledged to the payment thereof and that it does not constitute a debt of the State.
HISTORY: 1962 Code Section 51-250; 1952 Code Section 51-250; 1942 Code Section 3284-5; 1940 (41) 1785.
Structure South Carolina Code of Laws
Title 51 - Parks, Recreation and Tourism
Chapter 7 - Hunting Island, Beaufort County
Section 51-7-10. Development and regulation of Hunting Island.
Section 51-7-30. Streets and roads; water supply system.
Section 51-7-40. Recreation centers; camping areas.
Section 51-7-50. Issuance of revenue obligations.
Section 51-7-60. Terms of revenue obligations.
Section 51-7-70. Payment of revenue obligations.
Section 51-7-80. Additional rights of holders of revenue obligations.
Section 51-7-90. Revenue obligations exempt from taxes.
Section 51-7-100. Revenue obligations shall not be debts of State.
Section 51-7-110. Rates, charges and rentals; use of surplus.