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S.C. Code Ann. § 4-15-150

Pledge of credit for payment; levy and collection of tax

Known as the The County Bond Act

The act spans §§ 4–4 (18 sections).

1962 Code SECTION 14-525; 1952 Code SECTION 14-525; 1951 (47) 763.

For the payment of the principal and interest on such bonds as they respectively mature and for the creation of such sinking fund as may be necessary therefor, the full faith, credit and taxing power of the county are irrevocably pledged and there shall be levied annually by the county auditor and collected by the county treasurer in the same manner as other county taxes are levied and collected, a tax, without limit, on all taxable property in the county sufficient to pay the principal and interest of such bonds as they respectively mature and to create such sinking fund as may be necessary therefor.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.