The bonds must be signed in the corporate name of the university by the chairman of the board of trustees of the university, under the corporate seal of the university attested by the secretary of the board of trustees. Interest coupons attached to the bonds must be signed by the facsimile signatures of these officers. The bonds 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 to the purchaser.
HISTORY: 1993 Act No. 69, Section 1.
Structure South Carolina Code of Laws
Chapter 136 - Coastal Carolina University
Section 59-136-100. Establishment.
Section 59-136-110. Board of trustees.
Section 59-136-120. Trustees; subsistence, per diem, and mileage.
Section 59-136-130. Board a body corporate and politic; powers of board.
Section 59-136-140. Meetings of board.
Section 59-136-150. Lease or sale of real property donated to university; proceeds.
Section 59-136-300. Equipment defined.
Section 59-136-310. Authority to issue revenue bonds.
Section 59-136-330. Particulars of bonds; must be negotiable.
Section 59-136-340. Tax exempt status.
Section 59-136-350. Signature on bonds and coupons.
Section 59-136-360. Sale of bonds.
Section 59-136-380. Authorizing resolution constitutes binding contract; enforcement.
Section 59-136-390. Sources of payments of bonds; bonds not obligations of state.
Section 59-136-510. "Coastal Carolina College" to mean "Coastal Carolina University".
Section 59-136-520. Budget and Control Board to prescribe manner of transfer.