Whenever any borrower shall be authorized to issue bonds for any specific purpose, the purpose shall be deemed to include the monies required to meet the payment of the principal and interest of notes issued pursuant to this chapter.
S.C. Code Ann. § 11-17-80
Purpose of bonds deemed to include payment of notes
1962 Code SECTION 1-626; 1965 (54) 150.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.