South Dakota Codified Laws > Title 8 > Chapter 9 – Township Contracts and Purchases


§ 8-9-1	Contracts unlawful unless made at board meeting
§ 8-9-2	Contract with township officer void–Removal from office
§ 8-9-3	Purchase, lease, or lease purchase of equipment–Approval of voters
§ 8-9-4	Fire protection contracts–Maximum term–Cost negotiated–Estimated costs–Amount of contract
§ 8-9-6	Nonprofit fire protection corporation or association defined
§ 8-9-7	Ambulance service contracts authorized–Maximum term and expenditures

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}