South Dakota Statutes
§ 9-41A-55 — Pledge of revenues to bonds, notes and contractual obligations.
A municipal power agency may pledge its rates, rents, and other revenues, or any part thereof, as security for the repayment, with interest and redemption premiums, if any, of the moneys borrowed by it or advanced to it for any of its authorized purposes and as security for the payment of amounts due and owed by it under any contract.
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South Dakota § 9-41A-55 (Pledge of revenues to bonds, notes and contractual obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1978, ch 66, § 47.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.