Any municipality may, in connection with the issuance of refunding bonds, appoint a fiscal agent, provide for the powers, duties and functions and compensations of such fiscal agent, limit the liabilities of such fiscal agent and prescribe a method for the resignation, removal, merger or consolidation of such fiscal agent and the appointment of a successor fiscal agent and the transfer of rights and properties to such successor fiscal agent.
S.C. Code Ann. § 6-17-190
Fiscal agent
Known as the The Revenue Bond Refinancing Act
The act spans §§ 6–6 (33 sections).
1962 Code SECTION 59-669; 1952 Code SECTION 59-669; 1942 Code SECTION 9296; 1937 (40) 313.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.