South Dakota Codified Laws 9-51-33. Operating management contracts for municipally owned parking facilities
Current as of: 2023 | Check for updates
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The governing body may, in the alternative, employ any person, firm, or corporation as operating manager and agent for the municipality to operate and maintain any automobile parking facility or facilities in behalf of the municipality under a contract defining the terms of such employment.
Terms Used In South Dakota Codified Laws 9-51-33
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1955, ch 216, § 9; SDC Supp 1960, § 45.02A09.