All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-130-440 and of the covenants and agreements constitute valid and legally binding contracts between the university and the several holders of the bonds, regardless of the time of issuance of the bonds, and are enforceable by the holder or holders by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.
S.C. Code Ann. § 59-130-500
Resolutions, covenants, and agreements constitute binding and enforceable contracts
Known as the College of Charleston Academic and Administrative Facilities Bond Act
The act spans §§ 59–59 (11 sections).
2004 Act No. 173, SECTION 1, eff February 18, 2004.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.