South Carolina Code 59-119-760. Bonds not guaranteed by State; trustees not personally liable
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Terms Used In South Carolina Code 59-119-760
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter. See South Carolina Code 59-119-720
- Trustees: means the Board of Trustees of Clemson or any successor body. See South Carolina Code 59-119-720
The faith and credit of the State may not be pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable for them.