South Carolina § 49-19-1250 - Borrowing for preliminary expenses.
Full text of South Carolina South Carolina Code of Laws § 49-19-1250 — Borrowing for preliminary expenses., with citation guidance and answers to common questions.
§ 49-19-1250. Borrowing for preliminary expenses.
If it shall appear necessary to obtain funds to pay any expense incurred or to be incurred in organizing the district before a sufficient sum can be obtained by the collection of such uniform tax the board of supervisors may borrow a sufficient amount of money to meet emergencies at a rate of interest not exceeding eight per cent per annum and may issue negotiable notes therefor, signed by members of the board, and may pledge any and all assessments made under the provisions of SECTION 49-19-1210 for the repayment thereof.
HISTORY: 1962 Code SECTION 18-505; 1952 Code SECTION 18-505; 1942 Code SECTION 6166; 1932 Code SECTION 6166; Civ. C. '22 SECTION 3220; 1920 (31) 663; 1924 (33) 1124.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 49-19-1250
What does South Carolina Code of Laws § 49-19-1250 cover?
Section 49-19-1250 ("Borrowing for preliminary expenses.") 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 § 49-19-1250?
A common citation format is "South Carolina Code of Laws § 49-19-1250" (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 § 49-19-1250 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.