South Dakota § 6-8B-33 Approvals required for refunding bonds of issuer divided into other public bodies.

South Dakota Statutes

§ 6-8B-33 — Approvals required for refunding bonds of issuer divided into other public bodies.

South Dakota·Title 6 LOCAL GOVERNMENT GENERALLY·Ch. 6-8A BONDS OF LOCAL PUBLIC BODIES

If a public body having outstanding indebtedness has been divided and parts thereof are included within two or more other public bodies, by any lawful means, the refunding of the bonds requires affirmative action by a majority of the members of the governing bodies of each of the public bodies within which any part of the area of the public body which is being lawfully taxed to pay the outstanding indebtedness is then included, except as provided in § 6-8B-34 .

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If a public body having outstanding indebtedness has been divided and parts thereof are included within two or more other public bodies, by any lawful means, the refunding of the bonds requires affirmative action by a majority of the members of the governing bodies of each of the public bodies within which any part of the area of the public body which is being lawfully taxed to pay the outstanding indebtedness is then included, except as provided in § 6-8B-34 .

South Dakota § 6-8B-33 (Approvals required for refunding bonds of issuer divided into other public bodies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.