Prior to the ordering of such election the city council or board controlling the plant may take from the proposed purchaser such security as it may deem sufficient for the performance of the offer of purchase in the event of its acceptance.
S.C. Code Ann. § 5-33-50
Security required of proposed purchaser
1962 Code SECTION 59-547; 1952 Code SECTION 59-547; 1942 Code SECTION 7276; 1932 Code SECTION 7276; 1925 (34) 155; 1927 (35) 176; 1930 (36) 1388.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.