Subject only to the limitation hereinafter set forth, the governing body of a municipality may by ordinance authorize the sale of land, improvements and capital equipment comprising all or a portion of a system or part of system of waterworks, or sewage and waste disposal described in §
Sale of waterworks and waste disposal facilities--Conditions
SDCL § 9-40-38 — under UTILITY FACILITIES AND REVENUE BONDS.
SDCL § 9-40-38