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40 chapters · 720 sections in this title.
S.C. Code Ann. § 11-41-130 Payment of principal and interest
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For the payment of the principal and interest on all bonds issued and outstanding pursuant to this chapter there is pledged the full faith, credit, and taxing power of this State, and in accordance with the provisions of Section 13(4), Article X of the Constitution of this State,…
S.C. Code Ann. § 11-41-140 Sale of bonds
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Bonds must be sold by the Governor and the State Treasurer upon sealed proposals, after publication of notice of the sale one or more times at least seven days before the sale, in a financial paper published in New York City which regularly publishes notices of sale of state or m…
S.C. Code Ann. § 11-41-150 Application of proceeds; liability of purchasers for misapplication
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The proceeds of the sale of bonds must be received by the State Treasurer and applied by the State Treasurer to the purposes for which issued, except that the accrued interest, if any, may be used to discharge in part the first interest to become due on the bonds, but the purchas…
S.C. Code Ann. § 11-41-160 Purchase by fiduciaries
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It is lawful for all executors, administrators, guardians, and other fiduciaries to invest any monies in their hands in bonds issued pursuant to this chapter.
