South Dakota Codified Laws 49-17A-1. Definition of terms
Terms used in this chapter, unless the context plainly otherwise requires, mean:
(1) “Bonds,” any bonds, notes, interim certificates, debentures, or similar obligations issued by an authority pursuant to this chapter;
Terms Used In South Dakota Codified Laws 49-17A-1
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) “Governing body,” the official or officials authorized by law to exercise ordinance making or other lawmaking powers of a political subdivision;
(3) “Political subdivision,” or “subdivision,” any county, municipality, or other body politic of this state;
(4) “Project,” any railroad or related facilities operated or owned by an authority, including all real and personal property, structures, machinery, equipment and appurtenances or facilities which are part of such railroad and useful in connection therewith, including facilities for the convenience of handling passengers and freight or as part of railroad operations;
(5) “Railroad authority” or “authority,” any authority created pursuant to the provisions of this chapter;
(6) “Real property,” lands, structures and interests in land, including lands under water and riparian rights, including any and all lesser interests, such as easements, rights of way, uses, leases, licenses, and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, pertaining to real property.
Source: SL 1978, ch 344, § 1.