Auditorium revenue bonds authorized--Purposes for which proceeds used

Any municipality may issue revenue bonds to provide funds for the purpose of acquiring a municipal auditorium, or for the purpose of improving an existing auditorium, or for the purpose of refunding outstanding revenue bonds issued under the provisions of this chapter. Source: SL 1951, ch 246 , § 1; SDC Supp 1960, § 45.24B01; SL 1984, ch 43 , § 96.