The provisions of Chapter 35 of Title 12 levying the retail sales tax and of this article pledging the proceeds thereof to the payment of the principal and interest of State school bonds and to the sinking fund to be established for the retirement of the outstanding principal of the bonds shall be deemed to partake of the obligation of the contract between the State and the holders of the State school bonds. HISTORY: 1962 Code Section 21-1000.3; 1952 Code Section 21-1000.3; 1951 (47) 546.
South Carolina Legal Code