S.C. Code Ann. § 49-19-2160: Report of sales; warrants for payment of bonds and interest.
Where this section sits in the code
- Title 49 - WATERS, WATER RESOURCES AND DRAINAGE
- CHAPTER 19 Drainage Districts Under 1920 Act
- ARTICLE 15 Construction Bonds
The district treasurer shall promptly report all sales of bonds to the board of supervisors which shall at reasonable times thereafter prepare and issue warrants in substantially the forms provided in SECTION 49-19-1950 for the payment of the maturing bonds so sold and the interest payments coming due on all bonds sold. Each of such warrants shall specify what bonds and accruing interest it is to pay and the treasurer shall place sufficient funds at the place of payment to pay the maturing bonds and coupons when due as well as a reasonable compensation to the bank or trust company for paying them.
Collected 2026-09-02T07:46:14Z. Source file · JSON