South Dakota § 11-11-50 Refunding of notes and bonds.

South Dakota Statutes

§ 11-11-50 — Refunding of notes and bonds.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY

The authority shall have the power, from time to time, to issue:

(1)Notes to renew notes; and (2) Bonds to pay notes including the interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any of its corporate purposes.

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The authority shall have the power, from time to time, to issue: (1) Notes to renew notes; and (2) Bonds to pay notes including the interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any of its corporate purposes.

South Dakota § 11-11-50 (Refunding of notes and bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.