All cities and towns of the State may grant the exclusive franchise of furnishing light to such cities and towns and the inhabitants thereof. But no such franchise shall be valid unless it shall first receive the vote of two thirds of the board of aldermen or common council of the city or town granting it and be subsequently confirmed by a vote of the majority of the qualified electors of the city or town, voting at an election called specially for the purpose. The ordinance or resolution granting such a franchise shall fix a maximum rate for furnishing light, both for public and private consumption and the person obtaining such exclusive franchise shall have no power to charge or receive any greater price for light thus furnished than the maximum rate so fixed. No such franchise shall affect any existing contractual rights.
S.C. Code Ann. § 58-27-410
Procedure for granting of exclusive municipal franchises to furnish light
Applied in 1 court decision — leading case City of Abbeville v. Aiken Electric Cooperative, Inc. (1985)
Most recently applied in City of Abbeville v. Aiken Electric Cooperative, Inc. (December 1985)
1962 Code SECTION 24-21; 1952 Code SECTION 24-21; 1942 Code SECTION 7269; 1932 Code SECTION 7269; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.