Maturity of bonds.

S.C. Code Ann. § 5-21-340
in effect
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Bonds issued hereunder shall mature in such annual series or instalments, equal or unequal in amount, as the municipal council shall provide, except that: (1) The first maturing bonds shall mature within five years from the date as of which they are issued; (2) Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t05c021.phpFetched: 10/17/2026

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