South Dakota Statutes
§ 9-54-6 — Bonds not general obligations nor payable by taxation--Recitals in bonds.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 9-54-6 (Bonds not general obligations nor payable by taxation--Recitals in bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Speckels v. Baldwin
512 N.W.2d 171 (South Dakota Supreme Court, 1994)
Legislative History
SL 1964, ch 148, § 8; SL 1973, ch 59, § 6; SL 1984, ch 43, § 98E.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.