South Dakota Codified Laws 9-40-22. Payment of purchase price by issuance of bonds
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Any contract for the purchase, construction, or acquisition of a utility may provide that payment therefor shall be made in revenue bonds issued pursuant to this chapter.
Terms Used In South Dakota Codified Laws 9-40-22
- Contract: A legal written agreement that becomes binding when signed.
- utility: as used in this chapter means any system or part of system as referred to in §. See South Dakota Codified Laws 9-40-2
Source: SL 1931, ch 194, § 5; SDC 1939, § 45.2405; SL 1982, ch 75, § 8; SL 1984, ch 43, § 80.