South Dakota Statutes
§ 9-40-28 — Rates to cover bond retirement and operational costs.
The rates to be charged for the service from such utility shall be sufficient to provide for the payment of interest upon all bonds and to create a debt service fund to pay the principal thereof as and when the same becomes due, and to provide for the operation and maintenance and repairs thereof and depreciation, and shall be revised from time to time so as to produce these amounts.
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South Dakota § 9-40-28 (Rates to cover bond retirement and operational costs.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1931, ch 194, § 9; SDC 1939, § 45.2409; SL 1949, ch 191, § 4.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.