South Dakota Statutes

§ 46A-9-58 — Refunding of district obligations.

South Dakota·Title 46A WATER MANAGEMENT·Ch. 46A-8 WATER USER DISTRICTS
Such resolution or agreement may further provide for the refunding of any such water user district obligation through the issuance of other district obligations, entitled to rights and priorities similar in all respects to those held by the district obligations that are refunded and for the issuance of such refunding district obligations, either in exchange for district obligations then outstanding, or the sale thereof and the application of the proceeds of such sale to the retirement of the district obligations then outstanding.

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South Dakota § 46A-9-58 (Refunding of district obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1939, ch 291, § 10; SDC Supp 1960, § 61.1310; SDCL, § 46-16-56.

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