South Carolina Code 6-24-50. Appointment of representatives; application to Secretary of State; issuance and legal effect of corporate certificate
(1) names of all the proposed members and their respective appointed representatives;
Terms Used In South Carolina Code 6-24-50
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fraud: Intentional deception resulting in injury to another.
- Governmental entity: means a special purpose district created by the General Assembly of this State for the principal purpose of furnishing natural gas to the residents, businesses, and industries of the service area as defined in and fully described in the act of the General Assembly that created and established the special purpose district, and in amendments to that act. See South Carolina Code 6-24-20
- Joint agency: means a public body and body corporate and politic organized in accordance with the provisions of this chapter. See South Carolina Code 6-24-20
- State: means the State of South Carolina. See South Carolina Code 6-24-20
(2) a certified copy of:
(i) the resolution of each member determining it is in its best interests or the best interests of those it serves to participate in the proposed joint agency; and
(ii) the resolution appointing the member’s representative;
(3) the statement of desire that the joint agency be organized as a public body and a body corporate and politic pursuant to this chapter;
(4) the proposed name for the joint agency; and
(5) the method of appointment of the board of directors, including the number of directors appointed by each member.
(B) The Secretary of State shall file the application after examining it and determining that it complies with the requirements of subsection (A) and that the proposed name of the joint agency is not identical to that of another corporation of the State or an agency or instrumentality, or so similar as to lead to confusion and uncertainty.
(C) The Secretary of State then shall issue a corporate certificate. The corporate certificate must include the names of the members and the name of the joint agency. The existence of the joint agency as a public body corporate and politic under the proposed name begins when the corporate certificate is issued by the Secretary of State. Notice of the issuance of the corporate certificate must be given to all members of the joint agency by the Secretary of State.
(D) In any suit, action, or proceeding involving the validity or enforcement of or otherwise relating to a contract of a joint agency, the joint agency is presumed conclusively to have been established in accordance with the provisions of this chapter upon proof of the issuance of the certificate by the Secretary of State, absent a showing of fraud. A copy of the certificate, duly certified by the Secretary of State, is admissible in evidence in any suit, action, or proceeding and is conclusive proof of the filing and contents.