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S.C. Code Ann. § 6-21-280

Sale of bonds

1962 Code SECTION 59-386; 1952 Code SECTION 59-386; 1942 Code SECTION 9249; 1933 (38) 411; 1937 (40) 483; 1939 (41) 153, 344.

Such bonds shall be sold in such manner and upon such terms as the governing body shall deem for the best interest of the borrower. In no event shall any of the bonds be sold on a basis to yield more than six per cent per annum from the date of sale to the date of average maturity of the bonds sold.

In any contract for the purchase or construction of any system or project named in SECTION 6-21-50 or for the improvement, enlargement, extension or repair of any such system or project provision may be made that payment therefor shall be made in such bonds.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.