The bonds, notes, and other forms of indebtedness must be signed in the corporate name of the university by the manual or facsimile signature of the acting chairman of the board of the university, under the corporate seal of the university attested by the manual or facsimile signature of the acting secretary of the board. Interest coupons attached to the bonds, notes, and other forms of indebtedness must be signed by the facsimile signatures of these officers. The bonds, notes, and other forms of indebtedness may be issued notwithstanding that any of the officials signing them or whose facsimile signatures appear on the coupons have ceased to hold office at the time of the issue or at the time of the delivery of the bonds, notes, and other forms of indebtedness to the purchaser.
HISTORY: 2005 Act No. 44, Section 1, eff May 3, 2005.
Structure South Carolina Code of Laws
Chapter 127 - South Carolina State University
Section 59-127-10. Establishment of South Carolina State University.
Section 59-127-15. South Carolina State College changed to South Carolina State University.
Section 59-127-20. Board of trustees; election; terms.
Section 59-127-30. Quorum at board meetings.
Section 59-127-40. Management and control of Claflin College.
Section 59-127-60. General powers of board.
Section 59-127-70. Buildings; courses of study; appliances; staff.
Section 59-127-80. One half of land scrip fund vested in board.
Section 59-127-85. Board authority to enter ground lease agreements.
Section 59-127-310. Definitions.
Section 59-127-350. Requirements of bonds.
Section 59-127-360. Registration of bonds.
Section 59-127-370. Tax exempt status.
Section 59-127-380. Persons who may lawfully invest in bonds.
Section 59-127-390. Execution and delivery of bonds.
Section 59-127-400. Sale of bonds.
Section 59-127-410. Disposition of proceeds of sale of bonds.
Section 59-127-420. Authorization of special fees for repayment of bonds.
Section 59-127-430. Disposition of monies from other sources for repayment of bonds.
Section 59-127-440. Powers of trustees in authorizing issuance of bonds.
Section 59-127-450. Responsibilities of State Treasurer.
Section 59-127-470. Feasibility study.
Section 59-127-480. Citation of article.
Section 59-127-490. Definitions.
Section 59-127-500. Power to issue facilities improvement bonds
Section 59-127-510. Resolution provisions.
Section 59-127-520. Form and content of bonds; negotiability.
Section 59-127-530. Tax exempt status.
Section 59-127-540. Signature and seal.
Section 59-127-550. Terms and conditions of sale.
Section 59-127-560. Filing description of obligations with State Treasurer.
Section 59-127-570. Enforcement rights.
Section 59-127-580. Revenue sources for payment; liability of board members.