South Dakota Statutes
§ 9-52-17 — Operation for purpose of profit prohibited.
Municipalities shall not be authorized to operate revenue - producing enterprises of the nature described in this chapter for the purpose of profit or return greater than necessary to pay the cost of acquisition, improvement, operation, and maintenance thereof and interest on money borrowed or advanced from general funds for such purposes.
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South Dakota § 9-52-17 (Operation for purpose of profit prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1951, ch 246, § 2; SDC Supp 1960, § 45.24B02.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.