Municipal Bond Act

Sections covered

• S.C. Code Ann. § 5-21-210Short title
• S.C. Code Ann. § 5-21-220Definitions
• S.C. Code Ann. § 5-21-230Declaration of purpose
• S.C. Code Ann. § 5-21-240Municipal councils authorized to issue bonds; extent of issue
• S.C. Code Ann. § 5-21-250Petition for election on issuance
• S.C. Code Ann. § 5-21-260Notice of filing of petition
• S.C. Code Ann. § 5-21-270Action on petition
• S.C. Code Ann. § 5-21-280Time for holding election
• S.C. Code Ann. § 5-21-290Notice of the holding of the election
• S.C. Code Ann. § 5-21-300Qualified voters
• S.C. Code Ann. § 5-21-310Ballots
• S.C. Code Ann. § 5-21-320Declaration of result of election; effect when filed
• S.C. Code Ann. § 5-21-330Issuance of bonds as single issue or as several separate issues; time limit for issuance of bonds
• S.C. Code Ann. § 5-21-340Maturity of bonds
• S.C. Code Ann. § 5-21-350Redemption privilege
• S.C. Code Ann. § 5-21-360Negotiability; registration
• S.C. Code Ann. § 5-21-370Place of payment
• S.C. Code Ann. § 5-21-380Interest rate
• S.C. Code Ann. § 5-21-390Execution of bonds
• S.C. Code Ann. § 5-21-400Pledge of credit for payment and tax therefor; sinking fund
• S.C. Code Ann. § 5-21-410Additional pledge of utility revenues
• S.C. Code Ann. § 5-21-420Covenants permissible if revenues are pledged
• S.C. Code Ann. § 5-21-430Sale of bonds
• S.C. Code Ann. § 5-21-440Minimum sale price
• S.C. Code Ann. § 5-21-450Deposit and use of proceeds
• S.C. Code Ann. § 5-21-460Bonds are legal investments for fiduciaries and sinking funds commissions
• S.C. Code Ann. § 5-21-470Exemption from taxes
• S.C. Code Ann. § 5-21-480Use of bonds in payment of taxes
• S.C. Code Ann. § 5-21-490Bond holder's right to require levying of taxes and to enforce covenants
• S.C. Code Ann. § 5-21-500Diversion of and payment of funds; penalties