If the municipal council shall fail to levy the taxes required to be levied or to perform the covenants undertaken in the issuance of the bonds, any holder of any of the bonds or coupons may require the levy of taxes and enforce the performance of the covenants by mandamus in any of the courts of this State.
S.C. Code Ann. § 5-21-490
Bond holder's right to require levying of taxes and to enforce covenants
Known as the Municipal Bond Act
The act spans §§ 5-21-210 to 5-21-500 (30 sections).
1962 Code SECTION 47-859; 1952 Code SECTION 47-859; 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.