In and by the resolution authorizing municipal improvement bonds, the governing body may on behalf of the municipality make any or all of the covenants described in §§ 9-44-6 to 9-44-8 , inclusive, with and for the benefit of the holders from time to time of said bonds. Source: SL 1947, ch 219 , § 4; SDC Supp 1960, § 45.21A04.
Covenants with bondholders authorized
SDCL § 9-44-5 — under MUNICIPAL IMPROVEMENT BONDS.
SDCL § 9-44-5