The municipal council of any municipality may issue general obligation bonds of such municipality for any corporate purpose of such municipality to any amount not exceeding the constitutional debt limitation applicable, if such there be, under the conditions prescribed by this article.
S.C. Code Ann. § 5-21-240
Municipal councils authorized to issue bonds; extent of issue
Known as the Municipal Bond Act
The act spans §§ 5-21-210 to 5-21-500 (30 sections).
1962 Code SECTION 47-834; 1952 Code SECTION 47-834; 1951 (47) 771.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.