Resolution required for investment transactions

SDCL § 9-22-15 — under CUSTODY AND ACCOUNTING FOR MUNICIPAL FUNDS.

SDCL § 9-22-15

In carrying out the provisions of §§ 9-22-12 to 9-22-14 , inclusive, all transactions shall be by resolutions of the governing body. Source: SL 1915, ch 277 ; RC 1919, § 6999; SL 1923, ch 264 ; SL 1927, ch 189 ; SL 1933, ch 164 ; SDC 1939, § 45.2310; SL 1941, ch 200 ; SL 1949, ch 190 , § 5.