All moneys coming into the hands of the county treasurer from ad valorem property taxes, or so much thereof as is not necessary for current expenses, shall be invested by the treasurer in such securities or investments as are authorized by S.C. Code, §§ 6-5-10 and 12-45-220, as amended, and the interest or other income derived therefrom, may be expended for general county purposes.
(1976 Code, § 7-87) (Ord. 911, § 1, passed 7-21-1981)