South Dakota Statutes
§ 13-51A-33 — Power to issue refunding bonds for matured obligations.
The board shall have power, and is hereby authorized from time to time, to issue negotiable refunding bonds:
(1)To refund unpaid matured bonds;
(2)To refund unpaid matured coupons evidencing interest upon its unpaid matured bonds; and (3) To refund interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of those bonds.
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South Dakota § 13-51A-33 (Power to issue refunding bonds for matured obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1971, ch 134, § 4 (B).