South Dakota § 7-25A-25 District's authority to issue negotiable notes--Payment.

South Dakota Statutes

§ 7-25A-25 — District's authority to issue negotiable notes--Payment.

South Dakota § 7-25A-25

Title 7COUNTIES

Ch. 7-25AIMPROVEMENT DISTRICTS

This text of South Dakota § 7-25A-25 (District's authority to issue negotiable notes--Payment.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 7-25A-25 (2026).

Text

For the purpose of defraying costs and expenses, the district may issue negotiable notes, warrants, or other evidences of debt to be payable at such times, to bear such interest as the board may determine in compliance with law and to be sold or discounted at such price or prices and on such terms as the board may deem advisable. The board may provide for the payment thereof by pledging the whole or any part of the funds, revenues, taxes, and assessments of the district. All notes shall be authorized, issued, and sold as provided in chapter 6-8B , except no election may be held.

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For the purpose of defraying costs and expenses, the district may issue negotiable notes, warrants, or other evidences of debt to be payable at such times, to bear such interest as the board may determine in compliance with law and to be sold or discounted at such price or prices and on such terms as the board may deem advisable. The board may provide for the payment thereof by pledging the whole or any part of the funds, revenues, taxes, and assessments of the district. All notes shall be authorized, issued, and sold as provided in chapter 6-8B , except no election may be held.