South Carolina Code 59-119-960. Pledge of state faith and credit prohibited; statement; personal liability
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Terms Used In South Carolina Code 59-119-960
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. See South Carolina Code 59-119-920
- Trustees: means the board of trustees of Clemson or any successor body. See South Carolina Code 59-119-920
The faith and credit of the State must not be pledged for the payment of the principal and interest of such bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable therefor.