South Dakota Statutes
§ 9-40-5 — Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.
South Dakota § 9-40-5
This text of South Dakota § 9-40-5 (Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.) 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 § 9-40-5 (2026).
Text
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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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Repealed.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 9-40-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/9-40-5.