South Dakota Statutes
§ 49-39-8 — Pledging revenues to secure federal indebtedness--State not liable.
South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-39 CONSUMERS POWER DISTRICT BORROWING AND INDEBTEDNESS
Nothing contained in chapters 49-35 to 49-40 , inclusive, shall prevent the district from assigning, pledging, or otherwise hypothecating, its revenues, incomes, receipts or profits to secure the payment of indebtedness to the federal government; provided, that the State of South Dakota shall never pledge its credit or funds, or any part thereof, for the payment of settlement of any indebtedness or obligation whatsoever of any district created under the provisions of chapter 49-35 .
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South Dakota § 49-39-8 (Pledging revenues to secure federal indebtedness--State not liable.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1950 (SS), ch 17, § 60; SDC Supp 1960, § 52.1759.
Nearby Sections
15
§ 49-1-1
Repealed§ 49-1-10
Hearings before commission--Oaths.§ 49-1-11
Rules of commission.§ 49-1-13
Annual report to Governor--Contents.§ 49-1-13.1
Repealed§ 49-1-16
Duties of state's attorneys.§ 49-1-17
Repealed§ 49-1-19
Appeals from commission.