South Dakota Statutes
§ 9-40-5 — Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.
For the purpose of defraying the cost of erecting, acquiring, and establishing the utility, any municipality may borrow money and issue negotiable bonds, without pledging or using the credit of the municipality. All bonds shall be authorized, issued, and sold as provided in chapter 6-8B .
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South Dakota § 9-40-5 (Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1931, ch 194, § 2; SDC 1939, § 45.2402; SL 1949, ch 191, § 2; SL 1982, ch 75, § 6; SL 1984, ch 43, § 76.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.