The faith and credit of the State must not be pledged for the payment of the principal and interest of such bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable therefor.
HISTORY: 2008 Act No. 355, Section 8, eff June 25, 2008.
Structure South Carolina Code of Laws
Chapter 133 - Francis Marion University
Section 59-133-10. Board of Trustees.
Section 59-133-15. Francis Marion College changed to Francis Marion University.
Section 59-133-20. Compensation of board members.
Section 59-133-30. Powers of board.
Section 59-133-40. Meetings of board.
Section 59-133-50. Authority to sell or lease donated real property.
Section 59-133-60. Student housing facilities; ground lease agreements with private entities.
Section 59-133-220. Definitions.
Section 59-133-230. Authority to acquire, construct, and equip athletic facilities.
Section 59-133-240. Authority to borrow; bonding limit.
Section 59-133-250. Repayment of bonds; abandonment or sale of facility.
Section 59-133-260. Full faith and credit of State.
Section 59-133-270. Adoption of resolutions providing for issuance of bonds; provisions.
Section 59-133-280. Tax exempt status.
Section 59-133-290. Authority to invest in bonds.
Section 59-133-300. Execution of bonds and coupons; seal of Francis Marion University.
Section 59-133-310. Disposition of bonds; private sales; discounts and premiums.
Section 59-133-320. Delivery of proceeds to State Treasurer; withdrawals from fund.
Section 59-133-340. Powers and duties of trustees as to issuance and repayment of bonds.
Section 59-133-350. Authorizations granted by article to remain in full force and effect.