§ 5-21-10 Prerequisites to creating debts or endorsing or guaranteeing notes and the like in cities over 45,000
§ 5-21-20 Exceptions to 5-21-10
§ 5-21-30 Municipal officers prohibited from contracting with municipality; exceptions
§ 5-21-40 Officers required to account to municipality for interest collected on deposits
§ 5-21-50 Towns over 200 required to publish financial statements
§ 5-21-60 Prorating of municipal business license taxes on business establishments annexed into municipalities
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Terms Used In South Carolina Code > Title 5 > Chapter 21 > Article 1 - General Provisions

  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.