(A) Pursuant to item (4) of Section 59-130-30, the board of trustees of the College of Charleston, with the consent of the Budget and Control Board, is authorized to sell Remley's Point which it owns in Charleston County during fiscal year 1997-98 or thereafter for such price and under such terms and conditions as the board considers appropriate. The funds appropriated to the college for other operating expenses on line 13, Section 18E, Part I of this act, after this property is sold shall be used by the college for the purpose of acquiring through lease or purchase additional real and personal property in Charleston County which shall be used for athletic, intramural, or sports programs of the college. The proceeds derived from this sale shall be retained by the college and used to reimburse the appropriation which was used as provided above to fund this purchase.
(B) Remley's Point for purposes of this section is described as follows:
"All that certain piece, parcel or tract of land, situate, lying and being in Christ Church Parish in the County of Charleston, State aforesaid, containing 17.32 acres of highland and 15 acres of marshlands, be the same more or less, more particularly shown and delineated on a plat thereof entitled 'Plat of 17.32 acres in Christ Church Parish, Charleston County, State aforesaid conveyed by the Estates of W. A. Leland and W. R. Bonsal to the College of Charleston', surveyed August 6, 1975, by W. L. Gaillard, Surveyor."
The property is further identified on Charleston County Tax Map 514-05-00 as parcel number 6.
HISTORY: 1997 Act No. 155, Part II, Section 31A.
Structure South Carolina Code of Laws
Chapter 130 - The College Of Charleston
Section 59-130-10. Board of trustees.
Section 59-130-20. Compensation of board members.
Section 59-130-30. Powers of board.
Section 59-130-40. Meetings of board.
Section 59-130-50. Authority to sell or lease donated real property.
Section 59-130-60. Board authority to enter ground lease agreements.
Section 59-130-210. "Equipment" defined.
Section 59-130-220. Authority to issue revenue bonds.
Section 59-130-230. Procedure for authorizing issuance of revenue bonds; contents of resolution.
Section 59-130-240. Revenue bonds.
Section 59-130-250. Bonds exempt from taxes.
Section 59-130-260. Bonds to be signed.
Section 59-130-270. Sale of bonds.
Section 59-130-280. Board to file description of obligations entered with State Treasurer.
Section 59-130-300. Repayment of bonds; bonds not obligations of state.
Section 59-130-410. Short title.
Section 59-130-420. Definitions.
Section 59-130-430. Authority to issue bonds; purpose.
Section 59-130-440. Resolution authorizing issuance of bonds; contents.
Section 59-130-450. Bond provisions as to maturity, interest, redemption, etc.; negotiability.
Section 59-130-460. Tax exempt status.
Section 59-130-480. Sale of bonds.
Section 59-130-510. Repayment of bonds; bonds not obligation of state or signator of bond.