H*2729(Rat #0042, Act #0266 of 1987)  Joint Resolution, By Bailey
 A Joint Resolution to authorize Dorchester County School District No. 4 to
 issue general obligation bonds in fulfillment of the obligation incurred by
 Dorchester County School District No. 1 to issue the bonds.

   03/24/87  House  Introduced, read first time, placed on calendar
                     without reference HJ-1399
   03/25/87  House  Read second time HJ-1436
   03/25/87  House  Unanimous consent for third reading on next
                     legislative day HJ-1436
   03/26/87  House  Read third time and sent to Senate HJ-1465
   03/26/87  Senate  Intd. & placed on loc. & uncontested cal. w/o
                     referenc SJ-1059
   04/01/87  Senate Read second time SJ-1120
   04/01/87  Senate Ordered to third reading with notice of
                     amendments SJ-1120
   04/02/87  Senate Read third time and enrolled SJ-1147
   04/03/87         Ratified R 42
   04/03/87         Signed By Governor
   04/03/87         Effective date 04/03/87
   04/03/87         Act No. 266
   04/14/87         Copies available

A JOINT RESOLUTION TO AUTHORIZE DORCHESTER COUNTY SCHOOL DISTRICT NO. 4 TO ISSUE GENERAL OBLIGATION BONDS IN FULFILLMENT OF THE OBLIGATION INCURRED BY DORCHESTER COUNTY SCHOOL DISTRICT NO. 1 TO ISSUE THE BONDS.

Whereas, Act 536 of 1986 provided for the consolidation of Dorchester County School Districts No. 1 and No. 3 into a single school district known as Dorchester County School District No. 4; and

Whereas, the consolidation became effective upon the approval of the United States Department of Justice on February 12, 1987; and

Whereas, on January 5, 1987, Dorchester County School District No. 1 authorized the issuance of six hundred fifty thousand dollars of general obligation bonds; and

Whereas, the Dorchester County Board of Education approved the authorization of the issuance of bonds by Dorchester County School District No. 1 on January 15, 1987; and

Whereas, all of the requirements for the issuance of school bonds pursuant to Chapter 71 of Title 59 of the 1976 Code were followed by Dorchester County School District No. 1; and

Whereas, on February 24, 1987, the bonds were sold at public sale to NCNB. Now, therefore,

Be it enacted by the General Assembly of the State of South Carolina:

Dorchester County School District No. 4 authorized to issue bonds

SECTION 1. Dorchester County School District No. 4 is authorized to issue six hundred fifty thousand dollars of general obligation bonds in fulfillment of the obligation incurred by Dorchester County School District No. 1 to issue the bonds. All requirements for the issuance of school bonds pursuant to Chapter 71 of Title 59 of the 1976 Code are deemed to have been followed by Dorchester County School District No. 4 without the necessity of any further sale of the bonds.

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 3rd day of April, 1987.