South Dakota Statutes

§ 49-39-3 — Resolution specifying particular revenues pledged.

South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-39 CONSUMERS POWER DISTRICT BORROWING AND INDEBTEDNESS
Any resolution or agreement pursuant to § 49-39-2 may specify the particular revenues that are pledged and the terms and conditions to be performed by the district and the rights of the holders of such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, and may provide for priorities of liens in any such revenues as between the holders of revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, issued at different times or under different resolutions or agreements.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 49-39-3 (Resolution specifying particular revenues pledged.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1950 (SS), ch 17, § 47; SDC Supp 1960, § 52.1747.

Nearby Sections

15
View on official source ↗