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·Title 9 MUNICIPAL GOVERNMENT·Ch. 9-51 MUNICIPAL PARKING FACILITIES

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.

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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.

South Dakota § 9-51-23 (Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.