South Dakota Statutes
§ 49-40-2 — Hypothecation of assets permitted.
South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-40 CONSUMERS POWER DISTRICT DISSOLUTION AND SALE OF ASSETS
If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so.
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South Dakota § 49-40-2 (Hypothecation of assets permitted.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1950 (SS), ch 17, § 59; SDC Supp 1960, § 52.1758; SL 1975, ch 288.
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Repealed§ 49-1-10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Repealed§ 49-1-16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Repealed§ 49-1-19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.