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64 chapters · 1,082 sections in this title.
SDCL § 49-39-1 Authority to borrow--Funds available for repayment--Security for loan
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Any district organized under chapter 49-35 may borrow money and incur indebtedness for any corporate use or purpose. Any indebtedness, liability, or obligation of the district for the payment of money, in whatever manner entered or incurred, and whether arising from contract, imp…
SDCL § 49-39-10 Default on bonds--Court appointment of receiver--Authority of receiver to operate district--Discharge of receiver and return of district to control
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The board of directors of any consumers power district issuing revenue debentures, notes, warrants, or other evidences of indebtedness, under this chapter, is hereby also authorized and empowered to agree and contract with the purchasers or holders thereof that in the event of de…
SDCL § 49-39-11 Pledges of revenues and refunding securities--Validation--Retroactive application
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Sections 49-39-2 and 49-39-4 are retroactive and are effective as to any resolution or agreement adopted by any consumers power district with the purchasers or holders of revenue debentures, notes, warrants, bonds or other evidences of indebtedness heretofore or hereafter adopted…
SDCL § 49-39-2 Pledging revenues as security for borrowing
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Any consumers power district issuing revenue debentures, notes, warrants, bonds or other evidences of indebtedness is specifically authorized and empowered to pledge all or any part of the revenues which the district may derive from the sale of electrical energy or other service …
