South Dakota Codified Laws 9-26-1. Authorization–Issuance–Sale
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All bonds which are a general obligation of the municipality shall be authorized, issued, and sold as provided in chapter 6-8B.
Terms Used In South Dakota Codified Laws 9-26-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1890, ch 37, art V, § 5; RPolC 1903, § 1229, subdiv 5; SL 1911, ch 99; SL 1913, ch 119, § 53, subdiv 5; RC 1919, § 6413; SL 1923, ch 228; SDC 1939, § 45.2301; SL 1949, ch 190, § 1; SL 1984, ch 43, § 68.