South Dakota Statutes

§ 11-11-53 — Notes and bonds as general obligations of authority--Exception.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
Except as may otherwise be expressly provided by resolution of the authority, every issue of its notes and bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues.

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South Dakota § 11-11-53 (Notes and bonds as general obligations of authority--Exception.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1973, ch 180, § 28; SDCL Supp, § 28-19-44.

Nearby Sections

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