South Carolina Code 59-117-300. Execution of bonds and coupons; registration as to principal and interest
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 59-117-300
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. See South Carolina Code 59-117-220
- Trustees: means the Board of Trustees of the University or any successor body. See South Carolina Code 59-117-220
- University: means the University of South Carolina. See South Carolina Code 59-117-220
The bonds and coupons, if any, attached to the bonds, are executed manually or by facsimile in the name of the University in the manner and by persons as the trustees from time to time determine, and the seal of the University must be affixed to or impressed or reproduced on each bond. Any coupons attached to the bonds must be authenticated by the facsimile signature of one or more of the persons signing the bonds. The bonds, in the discretion of the trustees, may be registerable as to principal and interest on books kept for them by or on behalf of the University, including by a corporate registrar. The delivery of the executed bonds is valid notwithstanding changes in officers or in the seal occurring after the execution. Notwithstanding the foregoing, the bonds, in the discretion of the trustees, may be issued as fully registered noncertificated book-entry securities.