The right to initiate an ordinance shall not be applicable to ordinances proposed to nullify the purpose for which bonds have been sold by a municipality pursuant to statutory authority. Source: SL 1961, ch 247 ; SL 1980, ch 66 , § 1.
Ordinance may not be initiated to nullify bond purposes
SDCL § 9-20-3 — under INITIATIVE AND REFERENDUM.
SDCL § 9-20-3