The rate of interest shall be stated on the note authorized by § 13-19-1 and shall be negotiated by the parties. Source: SL 1955, ch 41 , ch 10, § 16; SDC Supp 1960, § 15.2216 (5); SL 1965, ch 48 ; SL 1980, ch 129 ; SL 1983, ch 28 , § 37.
Interest rate on notes
SDCL § 13-19-4 — under SCHOOL DISTRICT BONDS AND NOTES.
SDCL § 13-19-4