The validity of the authorization and issuance of the refunding bonds shall not be dependent on or affected in any way by proceedings taken for the improving of any enterprise for the refinancing and improving of which the refunding bonds are to be issued or by contracts made in connection with the improving of any such enterprise. Any resolution authorizing refunding bonds may provide that any such refunding bond may contain a recital that such refunding bond is issued pursuant to this chapter and any refunding bond containing such recital under authority of any such resolution shall be conclusively deemed to be valid and to have been issued in conformity with the provisions of this chapter.
HISTORY: 1962 Code Section 59-664; 1952 Code Section 59-664; 1942 Code Section 9291; 1937 (40) 313.
Structure South Carolina Code of Laws
Chapter 17 - Revenue Bond Refinancing Act Of 1937
Section 6-17-40. Combination of projects.
Section 6-17-50. Refunding shall be authorized by resolution.
Section 6-17-60. Terms and form of refunding bonds.
Section 6-17-70. Provisions permissible in resolution authorizing issue of bonds.
Section 6-17-80. Exemption from certain taxes.
Section 6-17-90. Lien of bonds on revenues and other security.
Section 6-17-95. Municipalities providing hospital, nursing home, or care facilities; mortgages.
Section 6-17-100. Holders of refunding bonds may be given rights and remedies of owners.
Section 6-17-110. All refunding bonds shall be ratably secured.
Section 6-17-120. Liability of funds other than pledged revenue of municipality on refunding bonds.
Section 6-17-130. Execution by former officers shall be valid.
Section 6-17-150. Sale or exchange of bonds.
Section 6-17-160. Purposes for which refunding bonds may be exchanged; payment of accrued interest.
Section 6-17-170. Manner in which refunding bonds shall be sold.
Section 6-17-180. Duties of municipality and officers, agents and employees.
Section 6-17-190. Fiscal agent.
Section 6-17-200. Appointment of receiver of enterprise.
Section 6-17-210. Powers and duties of receiver.
Section 6-17-220. Receiver shall be subject to court orders.
Section 6-17-230. Receiver shall not sell or otherwise dispose of property.
Section 6-17-240. Discharge of receiver.
Section 6-17-250. Rights and remedies of holders of bonds.
Section 6-17-260. Remedies shall be cumulative.
Section 6-17-270. Effect of waiver or delay in invoking remedy.
Section 6-17-280. Effect of abandonment or loss of suit.
Section 6-17-290. Compliance with chapter shall be sufficient for issuance of bonds.
Section 6-17-300. Debts of municipality are not authorized.
Section 6-17-310. Existing rights shall not be impaired by chapter.
Section 6-17-320. Chapter is supplemental and shall be liberally construed.