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

South Dakota Statutes

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

South Dakota § 11-11-50

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY

This text of South Dakota § 11-11-50 (Refunding of notes and bonds.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 11-11-50 (2026).

Text

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.