South Carolina § 44-7-640 - Sale, terms, and execution of bonds.
Full text of South Carolina South Carolina Code of Laws § 44-7-640 — Sale, terms, and execution of bonds., with citation guidance and answers to common questions.
§ 44-7-640. Sale, terms, and execution of bonds.
Such bonds shall be issued and sold from time to time after their date to the highest bidder for cash at not less than par and in such denominations as the officials shall determine. They shall bear interest at a rate not exceeding five per cent per annum, payable semiannually, and to each bond shall be attached coupons for the semiannual interest from date to maturity. Such bonds shall be signed by the chairman of the governing body of the county or mayor of any town or city, and the lithographed signature shall be a sufficient signing of the coupons on the bonds.
HISTORY: 1962 Code SECTION 32-804; 1952 Code SECTION 32-804; 1942 Code SECTION 5139; 1932 Code SECTION 5139; 1925 (34) 239.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 44-7-640
What does South Carolina Code of Laws § 44-7-640 cover?
Section 44-7-640 ("Sale, terms, and execution of bonds.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 44-7-640?
A common citation format is "South Carolina Code of Laws § 44-7-640" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 44-7-640 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.