South Carolina Code 31-19-50. Municipalities authorized to accept bonds in payment of taxes, assessments, and other claims on property
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Terms Used In South Carolina Code 31-19-50
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The municipal authorities of cities and towns of this State may accept and receive bonds of the Home Owners’ Loan Corporation in payment of taxes, assessments or other claims on property upon which the taxes, assessments or other claims are due or delinquent and upon which property the Home Owners’ Loan Corporation makes a loan to the owner of the property.