South Carolina § 5-31-1600 - Certificates of indebtedness against assessments.
Full text of South Carolina South Carolina Code of Laws § 5-31-1600 — Certificates of indebtedness against assessments., with citation guidance and answers to common questions.
§ 5-31-1600. Certificates of indebtedness against assessments.
The city or town council of any such city or town may issue certificates of indebtedness showing the amounts of money due to such city or town by property owners as deferred payments or installments upon such assessments and may sell any such certificates of indebtedness or borrow money by pledging any of them as collateral security for the payment of such debt or debts and, in the event of either a sale or collateral pledge of such certificates, or any of them, may pledge the faith and credit of such city or town for the payment thereof and guarantee the payment thereof for and in the name of such city or town. In any such case it shall not be necessary for a separate certificate of indebtedness to be issued showing the amount due from each property owner, but such certificates may be issued in denominations of one hundred dollars, or any multiple thereof. Nor shall it be necessary for the maturities of such certificates of indebtedness to correspond exactly to the maturities of such deferred payments or installments of the assessments and such certificates may be issued having fixed dates of maturities, but, in the event of payment of the assessments before the maturity of the certificates, the amount of such assessments so paid shall be placed in a sinking fund and held solely for the payment of the certificates of indebtedness issued against them.
HISTORY: 1962 Code SECTION 59-470; 1952 Code SECTION 59-470; 1945 (44) 256; 1947 (45) 506.
Editor's Note
Certain limitations on the performance of municipal services outside of corporate limits are prescribed in Chapter 7 of this Title. Articles 15 through 19 of Chapter 31 should be construed with Chapter 7 to understand the applicable limitations.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 5-31-1600
What does South Carolina Code of Laws § 5-31-1600 cover?
Section 5-31-1600 ("Certificates of indebtedness against assessments.") 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 § 5-31-1600?
A common citation format is "South Carolina Code of Laws § 5-31-1600" (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 § 5-31-1600 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.