{"data":{"id":"us-sc/s.c.-code-ann.-5-21-340","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 5-21-340","heading":"Maturity of bonds.","body":"Bonds issued hereunder shall mature in such annual series or instalments, equal or unequal in amount, as the municipal council shall provide, except that:\n(1) The first maturing bonds shall mature within five years from the date as of which they are issued;\n(2) Not less than two per cent of the aggregate of the issue shall mature in any year; and\n(3) No bonds shall mature later than forty years from the date as of which they are issued.","path":["Title 5 - MUNICIPAL CORPORATIONS","CHAPTER 21 Financial Matters Generally","ARTICLE 5 General Obligation Bonds"],"source_url":"https://www.scstatehouse.gov/code/t05c021.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:23:14Z","sha256":"c83fb221acc94b0b293801643389f02c4db57a6a7dffddab874676da9e29305f","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-5-21-330","next":"us-sc/s.c.-code-ann.-5-21-350"},"notice":"GroundRules: Original legal text. Not legal advice."}