In order to meet the principal and interest of such bonds as they mature, the auditor of the county or the clerk of the council of any town or city shall annually levy upon all of the property of such county, township, city or town taxes not exceeding two mills and for a period of time not exceeding twenty years, the proceeds from such levy to be paid out by the proper officers for the retirement of the principal and interest on any bonds sold.
S.C. Code Ann. § 44-7-660
Annual tax
1962 Code SECTION 32-806; 1952 Code SECTION 32-806; 1942 Code SECTION 5141; 1932 Code SECTION 5141; 1925 (34) 239.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.