All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-136-320 and of the covenants and agreements constitute valid and legally binding contracts between the university and the several holders of the bonds, regardless of the time of issuance of the bonds, and is enforceable by the holder or holders by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.
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.