South Carolina § 5-21-410 - Additional pledge of utility revenues.
Full text of South Carolina South Carolina Code of Laws § 5-21-410 — Additional pledge of utility revenues., with citation guidance and answers to common questions.
§ 5-21-410. Additional pledge of utility revenues.
The municipal council may, in its discretion, additionally secure bonds by a pledge of the net revenues which it may derive from any municipally owned public utility. In making a pledge of such revenues the municipality may reserve the right to place other bonds, general obligation or revenue, on a parity with the bonds additionally secured in the manner provided for by this section.
If the net revenues of any municipally owned utility shall be pledged and such utility shall be under the management of commissioners, the commissioners shall give their consent to the issuance of bonds and to the pledge and covenants securing them.
HISTORY: 1962 Code SECTION 47-851; 1952 Code SECTION 47-851; 1951 (47) 771.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 5-21-410
What does South Carolina Code of Laws § 5-21-410 cover?
Section 5-21-410 ("Additional pledge of utility revenues.") 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 § 5-21-410?
A common citation format is "South Carolina Code of Laws § 5-21-410" (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 § 5-21-410 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.