South Carolina Code 4-15-170. Bonds shall be legal for fiduciary investments
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Terms Used In South Carolina Code 4-15-170
- authorities: shall mean the county board of commissioners or other board or body to which is delegated the administrative duties of the particular county; and
(2) The term "authorized purpose" shall mean any purpose for which the particular county might, under the applicable constitutional provisions, issue bonds or levy taxes. See South Carolina Code 4-15-20
The authorities, all executors, administrators, guardians, committees and other fiduciaries and all sinking fund commissions may invest any moneys in their hands in bonds issued under this chapter.