South Dakota Statutes
§ 9-51-18 — Bondholders have no right to compel tax levy or appropriation.
No purchaser or holder of any bond issued under § 9-51-13 shall ever have any right to compel the exercise of any taxing powers of the municipality or the appropriation of any of its funds or moneys save and except as set forth in the ordinance of the municipality authorizing the issuance of such bonds and as provided in §§ 9-51-13 to 9-51-21 , inclusive.
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South Dakota § 9-51-18 (Bondholders have no right to compel tax levy or appropriation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1955, ch 216, § 5; SDC Supp 1960, § 45.02A05.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.