Section 11-17-50. Necessity of holding election before issuance of notes.

SC Code § 11-17-50 (2019) (N/A)
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Whenever the favorable result of an election is prescribed by the Constitution or applicable statute as a condition precedent to the issuance of bonds by the borrower, then prior to the issuance of any notes pursuant to this chapter, the election shall have been held and shall have resulted favorably to the issuance of such bonds.

HISTORY: 1962 Code Section 1-624; 1965 (54) 150.