S.C. Code Ann. § 34-3-240: Other powers of directors.

The directors may:

(1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties;

(2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and

(3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.