Bond holder's right to require levying of taxes and to enforce covenants.

  1. Law
  2. South Carolina Code of Laws
  3. Municipal Corporations
  4. Financial Matters Generally
  5. Bond holder's right to require levying of taxes and to enforce covenants.

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If the municipal council shall fail to levy the taxes required to be levied or to perform the covenants undertaken in the issuance of the bonds, any holder of any of the bonds or coupons may require the levy of such taxes and enforce the performance of such covenants by mandamus in any of the courts of this State.

HISTORY: 1962 Code Section 47-860.20; 1952 Code Section 47-860.20; 1951 (47) 767.


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