South Dakota Const. art. XXVIII, § 1

South Dakota Constitution

Article XXVIII, § 1 — School and governmental bonds -- Farm loans

South Dakota Const. art. XXVIII, § 1 (School and governmental bonds -- Farm loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionSouth Dakota DocumentConstitution

ArticleXXVIII

Section§ 1

CitationSouth Dakota Const. art. XXVIII, § 1

Bluebook

S.D. Const. art. XXVIII, § 1.

Full Text

The several counties of the state shall invest the moneys of the permanent school and endowment funds in bonds of school corporations, state, county and municipal bonds or in first mortgages upon good improved farm lands within their limits respectively, under such regulations as the Legislature may provide, but no farm loan shall exceed one thousand dollars to any one person, firm or corporation.

Add this to your briefcase to access full text.

The several counties of the state shall invest the moneys of the permanent school and endowment funds in bonds of school corporations, state, county and municipal bonds or in first mortgages upon good improved farm lands within their limits respectively, under such regulations as the Legislature may provide, but no farm loan shall exceed one thousand dollars to any one person, firm or corporation.