South Dakota § 9-51-23 Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.

South Dakota Statutes

§ 9-51-23 — Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.

South Dakota § 9-51-23

Title 9MUNICIPAL GOVERNMENT

Ch. 9-51MUNICIPAL PARKING FACILITIES

This text of South Dakota § 9-51-23 (Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.) 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 § 9-51-23 (2026).

Text

Bonds authorized and issued under §§ 9-51-22 to 9-51-28 , inclusive, may be made payable as to both principal and interest out of the net revenues or moneys levied and appropriated as set forth in § 9-51-14 , provided that in the ordinance authorizing such bonds the governing body may on behalf of the municipality make any or all of the irrevocable covenants in §§ 9-51-24 to 9-51-28 , inclusive, with and for the benefit of the holders from time to time of said bonds.

Free access — add to your briefcase to read the full text and ask questions with AI

Bonds authorized and issued under §§ 9-51-22 to 9-51-28 , inclusive, may be made payable as to both principal and interest out of the net revenues or moneys levied and appropriated as set forth in § 9-51-14 , provided that in the ordinance authorizing such bonds the governing body may on behalf of the municipality make any or all of the irrevocable covenants in §§ 9-51-24 to 9-51-28 , inclusive, with and for the benefit of the holders from time to time of said bonds.