reglab/housing_qa huggingface dataset:
SC Code § 5-21-370 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-370. Place of payment.

 Such bonds shall be made payable at such place or places, within or without the State, as the municipal council shall provide.  HISTORY: 1962 Code Section 47-847; 1952 Code Section 47-847; 1951 (47) 771.
SC Code § 5-21-380 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-380. Interest rate.

 The bonds shall bear interest at the rate or rates to be named by the municipal council.  HISTORY: 1962 Code Section 47-848; 1952 Code Section 47-848; 1951 (47) 771.
SC Code § 5-21-390 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-390. Execution of bonds.

 Such bonds and the coupons annexed thereto shall be executed in the manner provided for by the municipal council.  HISTORY: 1962 Code Section 47-849; 1952 Code Section 47-849; 1951 (47) 771.
SC Code § 5-21-400 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-400. Pledge of credit for payment and tax therefor; sinking fund.

 For the payment of the principal and interest of the bonds as they respectively mature and for the creation of a sinking fund to aid in the retirement and payment thereof the full faith, credit and taxing power of the municipality shall be irrevocably pledged, and there shall be levied and collected annually upon all taxable property in the municipality an ad valorem tax, without limitation as to rate or amount, sufficient for such purposes.  HISTORY: 1962 Code Section 47-850; 1952 Code Section 47-850; 1951 (47) 771.
SC Code § 5-21-410 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-410. Additional pledge of utility revenues.

 The municipal council may, in its discretion, additionally secure bonds by a pledge of the net revenues which it may derive from any municipally owned public utility. In making a pledge of such revenues the municipality may reserve the right to place other bonds, general obligation or revenue, on a parity with the bonds additionally secured in the manner provided for by this section.  If the net revenues of any municipally owned utility shall be pledged and such utility shall be under the management of commissioners, the commissioners shall give their consent to the issuance of bonds and to the pledge and covenants securing them.  HISTORY: 1962 Code Section 47-851; 1952 Code Section 47-851; 1951 (47) 771.
SC Code § 5-21-420 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-420. Covenants permissible if revenues are pledged.

 If revenues are pledged pursuant to the provisions of Section 5-21-410, the municipality may covenant and agree:  (1) That the schedule of rates and charges for the services rendered by the utility shall be designed at all times to produce not less than the amount needed to discharge the covenants and obligations undertaken by the municipality in the proceedings authorizing the issuance of such bonds;  (2) That it will operate the utility in an efficient and economical manner;  (3) That it will segregate the revenues therefrom into funds designed to (a) operate and maintain the utility, (b) pay the principal and interest of the bonds secured by such pledge, (c) establish a cushion or reserve fund to insure the timely payment of such principal and interest and (d) provide for contingencies and for depreciation; and  (4) That upon its failure to pay any instalment of interest or principal as it becomes due and payable or to observe the covenants and obligations undertaken in issuing the bonds any court having jurisdiction thereof may appoint a receiver to operate and administer such utility.  HISTORY: 1962 Code Section 47-852; 1952 Code Section 47-852; 1951 (47) 771.
SC Code § 5-21-430 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-430. Sale of bonds.

 Bonds issued hereunder shall be sold at public sale, after advertisement of the sale in a newspaper having general circulation in the State or in a financial publication published in the city of New York or, in the discretion of the municipal council, in both such publications. Such advertisement shall appear not less than ten days prior to the occasion set for such sale. The bonds may be disposed of at private sale if there are no bids received or if all bids are rejected. The provisions of this section shall not prevent a sale at private sale to the United States or any agency thereof.  HISTORY: 1962 Code Section 47-853; 1952 Code Section 47-853; 1951 (47) 771.
SC Code § 5-21-440 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-440. Minimum sale price.

 Such bonds must be sold at a price of not less than par and accrued interest to the date of delivery.  HISTORY: 1962 Code Section 47-854; 1952 Code Section 47-854; 1951 (47) 771.
SC Code § 5-21-450 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-450. Deposit and use of proceeds.

 The proceeds derived from the sale of any such bonds shall be deposited in a special fund, separate and distinct from all other funds, and applied solely to the purposes for which the bonds are issued, except that the premium, if any, shall be placed in the sinking fund established by Section 5-21-400 and the accrued interest, if any, shall be used to discharge in part the first interest to become due on such bonds. Should any surplus remain it shall be deposited in the sinking fund required by the provisions of Section 5-21-400 to be established for the payment of the bonds.  HISTORY: 1962 Code Section 47-855; 1952 Code Section 47-855; 1951 (47) 771.
SC Code § 5-21-460 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-460. Bonds are legal investments for fiduciaries and sinking funds commissions.

 It shall be lawful for all executors, administrators, guardians, committees and other fiduciaries and all sinking fund commissions to invest any moneys in their hands in bonds issued under this article.  HISTORY: 1962 Code Section 47-856; 1952 Code Section 47-856; 1951 (47) 771.
SC Code § 5-21-470 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-470. Exemption from taxes.

 Bonds issued under this article shall be exempt from all State, county, municipal, school district and other taxes or assessments, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise.  HISTORY: 1962 Code Section 47-857; 1952 Code Section 47-857; 1951 (47) 771.
SC Code § 5-21-480 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-480. Use of bonds in payment of taxes.

 The municipal council may provide in the proceedings taken in connection with the issuance of bonds that the bonds or the coupons, either or both, shall be receivable for taxes due to the municipality during the years in which they respectively mature.  HISTORY: 1962 Code Section 47-858; 1952 Code Section 47-858; 1951 (47) 771.
SC Code § 5-21-490 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-490. Bond holder's right to require levying of taxes and to enforce covenants.

 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 taxes and enforce the performance of the covenants by mandamus in any of the courts of this State.  HISTORY: 1962 Code Section 47-859; 1952 Code Section 47-859; 1951 (47) 771.
SC Code § 5-21-500 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-500. Diversion of and payment of funds; penalties.

 Any member of any municipal council or any commissioner who shall vote to divert money applicable to the payment of principal or interest of bonds or to the sinking fund or cushion fund for them and any disbursing officer who shall pay out any moneys applicable thereto, whether or not such payment has been ordered by the municipal council, the commissioners or any officer or agent of either, shall be guilty of a misdemeanor and shall be punished by imprisonment for a term of not less than thirty days nor more than one year and by a fine of not less than two hundred dollars nor more than five hundred dollars, either or both, within the discretion of the court.  HISTORY: 1962 Code Section 47-860; 1952 Code Section 47-860; 1951 (47) 771.
SC Code § 5-21-610 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-610. Short title.

 This article shall be cited as the "Paving Bond Act."  HISTORY: 1962 Code Section 47-860.1; 1952 Code Section 47-860.1; 1951 (47) 767.
SC Code § 5-21-620 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-620. Definitions.

 As used in this article:  (1) The word "municipality" shall mean an incorporated city or town, irrespective of its population;  (2) The term "municipal council" shall mean the governing body of any incorporated city or town; and  (3) The word "assessments" shall denote such sums as may be due to the municipality by reason of improvements to streets and sidewalks, in the nature of roadway paving, sidewalk paving, the installation of curbs, the installation of gutters, the installation of storm drains or sewers, the paving of sidewalk or roadway intersections, street lighting or any other improvement for which such municipality shall be authorized to pay, in whole or in part, through the means of assessments against the real property benefited thereby.  HISTORY: 1962 Code Section 47-860.2; 1952 Code Section 47-860.2; 1951 (47) 767.
SC Code § 5-21-630 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-630. Declaration of purpose.

 This article is designed to furnish a method by which incorporated cities and towns to which there are due sums of money represented by unpaid and unmatured assessments levied for improvements benefiting real property may realize such sums at once through the issuance and sale of paving bonds.  HISTORY: 1962 Code Section 47-860.3; 1952 Code Section 47-860.3; 1951 (47) 767.
SC Code § 5-21-640 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-640. Issuance of paving bonds authorized after levy by municipality of assessments against real property for permanent improvements to streets and sidewalks; amount of bonds.

 When any municipality shall have levied assessments against real property for the purpose of paying for any permanent improvement to streets and sidewalks of any type mentioned in Section 5-21-620, the municipal council may by ordinance direct that bonds of the municipality, to be known as paving bonds, be issued in anticipation of the collection of such assessments. The amount of the bonds to be issued may equal but shall not exceed the amount of the unmatured assessments remaining uncollected at the time of the adoption of the ordinance authorizing their issuance. A single issue of paving bonds may be authorized and issued in anticipation of the collection of two or more separate assessments.  HISTORY: 1962 Code Section 47-860.4; 1952 Code Section 47-860.4; 1951 (47) 767.
SC Code § 5-21-650 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-650. Maturities of bonds.

 Each issue of such paving bonds shall mature in annual installments of equal or unequal amounts, beginning not more than one year from the date of the bonds and ending not more than two years following the occasion when the last installment of the assessments, in anticipation of whose collection such bonds are issued, shall fall due. In fixing the dates or amounts of annual installments the municipal council shall consider the probable amounts to be collected in each year upon the assessments and shall endeavor, so far as may be practicable, to make the bonds mature in such amounts that the principal of the bonds will be paid by means of the assessments.  HISTORY: 1962 Code Section 47-860.5; 1952 Code Section 47-860.5; 1951 (47) 767.
SC Code § 5-21-660 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-660. Redemption privilege.

 Any bond issued may be issued with a provision providing for its redemption prior to its stated maturity at par and accrued interest plus such redemption premium as may be prescribed by the municipal council, but no bond shall be redeemable before maturity unless it contains a statement to that effect. In the proceedings authorizing the issuance of such bonds provision shall be made specifying the manner of call and the notice thereof that must be given.  HISTORY: 1962 Code Section 47-860.6; 1952 Code Section 47-860.6; 1951 (47) 767.
SC Code § 5-21-670 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-670. Denominations of bonds.

 Bonds issued under this article shall be of such denominations as may be fixed by the municipal council.  HISTORY: 1962 Code Section 47-860.7; 1952 Code Section 47-860.7; 1951 (47) 767.
SC Code § 5-21-680 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-680. Coupons, registrations and negotiability.

 Any such bonds shall be issued as coupon bonds, payable to bearer, with the privilege to the holder of having them registered on the books of the treasurer of the municipality and the principal thus made payable to the registered holder (unless the last registered transfer shall have been to bearer) upon such conditions as the municipal council may prescribe. Unless registered such bonds shall have all the qualities of negotiable instruments under the law merchant and the Uniform Commercial Code.  HISTORY: 1962 Code Section 47-860.8; 1952 Code Section 47-860.8; 1951 (47) 767.
SC Code § 5-21-690 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-690. Place of payment.

 The bonds shall be made payable at such place or places, within or without the State, as the municipal council shall provide.  HISTORY: 1962 Code Section 47-860.9; 1952 Code Section 47-860.9; 1951 (47) 767.
SC Code § 5-21-700 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-700. Interest rates.

 Such bonds shall bear interest at the rate or rates to be named by the municipal council.  HISTORY: 1962 Code Section 47-860.10; 1952 Code Section 47-860.10; 1951 (47) 767.
SC Code § 5-21-710 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-710. Execution of bonds.

 Such bonds and the coupons annexed thereto shall be executed in the manner provided for by the municipal council.  HISTORY: 1962 Code Section 47-860.11; 1952 Code Section 47-860.11; 1951 (47) 767.
SC Code § 5-21-720 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-720. Exemption from taxes.

 Bonds issued under this article shall be exempt from all State, county, municipal, school district and other taxes or assessments, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise.  HISTORY: 1962 Code Section 47-860.12; 1952 Code Section 47-860.12; 1951 (47) 767.
SC Code § 5-21-730 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-730. Sale of bonds.

 Such bonds shall be sold at public sale, after advertisement of the sale in a newspaper having general circulation in the State or in a financial publication published in the city of New York or, in the discretion of the municipal council, in both such publications. Such advertisement shall appear not less than ten days prior to the occasion set for such sale. The bonds may be disposed of at private sale if there are no bids received or if all bids are rejected. The provisions of this section shall not prevent a sale at private sale to the United States or any agency thereof.  HISTORY: 1962 Code Section 47-860.13; 1952 Code Section 47-860.13; 1951 (47) 767.
SC Code § 5-21-740 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-740. Minimum sale price.

 All bonds must be sold at a price of not less than par and accrued interest to date of delivery.  HISTORY: 1962 Code Section 47-860.14; 1952 Code Section 47-860.14; 1951 (47) 767.
SC Code § 5-21-750 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-750. Deposit and use of proceeds.

 The proceeds derived from the sale of any bonds issued under this article shall be deposited in a special fund, separate and distinct from all other funds, and applied solely to the cost of the improvements for which were levied the assessments in anticipation of which the bonds were issued, except that the premium, if any, shall be placed in the fund established for the payment of the principal of the bonds and the accrued interest, if any, shall be used to discharge in part the first interest to become due on such bonds. Should any surplus remain after paying for the cost of the improvements, it shall be deposited in the fund established for the payment of such principal and interest.  HISTORY: 1962 Code Section 47-860.15; 1952 Code Section 47-860.15; 1951 (47) 767.
SC Code § 5-21-760 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-760. Bonds are legal investments for fiduciaries and sinking fund commissions.

 It shall be lawful for all executors, administrators, guardians, committees and other fiduciaries and all sinking fund commissions to invest any moneys in their hands in bonds issued under this article.  HISTORY: 1962 Code Section 47-860.16; 1952 Code Section 47-860.16; 1951 (47) 767.
SC Code § 5-21-770 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-770. Use of bonds in payment of taxes.

 The municipal council may provide in the proceedings taken in connection with the issuance of bonds that the bonds or the coupons, either or both, shall be receivable for taxes due to the municipality during the year in which they respectively mature.  HISTORY: 1962 Code Section 47-860.17; 1952 Code Section 47-860.17; 1951 (47) 767.
SC Code § 5-21-780 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-780. Credit pledged for payment; levy of taxes to pay.

 The full faith, credit and taxing power of the municipality shall be pledged for the punctual payment of the principal and interest of all bonds issued pursuant to this article as such principal and interest become due. The municipal council shall levy annually on all taxable property in the municipality a tax sufficient to pay such principal and interest as they respectively become due. Such tax, however, shall be reduced in each year by the amount of moneys in the special fund provided for by Section 5-21-790 which are applicable to the payment of such principal and interest then due or falling due in such year, and such tax shall be entirely suspended for such year in case such moneys on hand and applicable as aforesaid are sufficient to pay such principal and interest then due or falling due in such year and remaining unpaid.  HISTORY: 1962 Code Section 47-860.18; 1952 Code Section 47-860.18; 1951 (47) 767.
SC Code § 5-21-790 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-790. Use and pledge of assessments collected.

 All moneys derived from the collection of the assessments upon which any such paving bonds are predicated, which are collected subsequent to the passage of the ordinance authorizing the bonds, including all interest on any deferred payment of the assessments, shall be placed in a special fund to be used only for the payment of the principal and interest of the bonds. The amount of such special fund to be applied to the payment of interest shall not exceed so much of such fund as shall have been derived from the collections by way of interest on deferred payments of the assessments. The special fund shall be pledged for such purposes and such pledge shall be an obligation of the contract between the municipality and the holders of its paving bonds.  HISTORY: 1962 Code Section 47-860.19; 1952 Code Section 47-860.19; 1951 (47) 767.
SC Code § 5-21-800 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 21 - Financial Matters Generally|Section 5-21-800. Bond holder's right to require levying of taxes and to enforce covenants.

 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.
SC Code § 5-25-10 (2021)
2021 South Carolina Code of Laws|Title 5 - Municipal Corporations|Chapter 25 - Building Codes And Fire Prevention|Section 5-25-10. Application of chapter.

 None of the provisions of this chapter, except Sections 5-25-20, 5-25-40, and 5-25-160 to 5-25-210, shall apply to towns of less than five thousand inhabitants, nor shall any of the provisions of this chapter, except Sections 5-25-20, 5-25-30, 5-25-40 and 5-25-160 to 5-25-210, apply to municipalities of five thousand or more inhabitants which shall have adopted the Southern Building Code by ordinance.  HISTORY: 1962 Code Section 47-1151; 1952 Code Section 47-1151; 1942 Code Section 7527; 1932 Code Section 7527; Civ. C.'22 Section 4642; 1917 (30) 77; 1951 (47) 751; 1963 (53) 18, 38, 52.  Editor's Note  Under the provisions of Chapter 34, Title 1, an agency is required to adopt the latest edition of a nationally recognized code which it is charged by statute or regulation with enforcing by giving notice in the State Register.