South Dakota § 9-54-6 Bonds not general obligations nor payable by taxation--Recitals in bonds.

South Dakota Statutes

§ 9-54-6 — Bonds not general obligations nor payable by taxation--Recitals in bonds.

South Dakota § 9-54-6

Title 9MUNICIPAL GOVERNMENT

Ch. 9-53ECONOMIC DEVELOPMENT PROJECTS

This text of South Dakota § 9-54-6 (Bonds not general obligations nor payable by taxation--Recitals in bonds.) 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 § 9-54-6 (2026).

Text

Revenue bonds issued pursuant to this chapter shall not be general obligations of the municipality nor shall they be payable in any manner by taxation. Such revenue bonds shall recite the authority under which they are issued, and shall state that they are issued in conformity with the provisions, restrictions, and limitations of this chapter, and that such bonds and the interest thereon are to be paid from the revenue received from the project financed, in whole or in part, by the issuance of the revenue bonds.

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Revenue bonds issued pursuant to this chapter shall not be general obligations of the municipality nor shall they be payable in any manner by taxation. Such revenue bonds shall recite the authority under which they are issued, and shall state that they are issued in conformity with the provisions, restrictions, and limitations of this chapter, and that such bonds and the interest thereon are to be paid from the revenue received from the project financed, in whole or in part, by the issuance of the revenue bonds.