South Carolina Code 55-11-690. Obligations not to be impaired
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Terms Used In South Carolina Code 55-11-690
- Contract: A legal written agreement that becomes binding when signed.
For the period the district is indebted to a person on any bonds, notes, or other obligations issued pursuant to the provisions of this article, the powers granted to the district and the authority may not be diminished. The provisions of this article are considered a part of the contract between the district and the holders of the obligations.