™Your Policy Risk Impact Agent
88 chapters · 1,501 sections in this title.
SDCL § 1-16B-61 Redemption of bonds
0.4K chars
The authority, subject to any agreements with bondholders as may then exist, may refund, purchase, or cancel the authority's bonds out of any funds available therefor, at any reasonable price which, if the bonds are then redeemable, may not exceed the redemption price then applic…
SDCL § 1-16B-62 Trust indenture securing authority bonds
1.0K chars
The bonds may be secured by a trust indenture by and between the authority and a corporate trustee which may be any bank having the power of a trust company or any trust company within or without the state. The trust indenture may contain any provisions for protecting and enforci…
SDCL § 1-16B-63 Proceeds of bonds--Investments
1.9K chars
Any proceeds of bonds not needed for immediate disbursement may be held uninvested or invested in any one or more of the following: (1) Obligations issued or guaranteed by the United States of America; (2) Obligations issued or guaranteed by any person controlled or supervised by…
SDCL § 1-16B-64 Bonds as negotiable instruments
0.2K chars
Whether or not the bonds are in the form and character of negotiable instruments, the bonds are hereby made negotiable instruments, subject only to provisions of the bonds relating to registration. Source: SL 2020, ch 4 , § 12.
