Title 11 — PLANNING, ZONING AND HOUSING PROGRAMS
17 chapters · 652 sections in this title.
SDCL § 11-7-91 Provision for project revenues to be placed in debt service funds
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The commission may in its discretion provide that all revenues received from its redevelopment projects be placed in a debt service fund for the payment of interest and principal on all bonds issued for any redevelopment project, and the revenue from all such projects shall be pa…
SDCL § 11-7-92 Commission power to issue bonds--Refunding bonds
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A commission shall have power to issue bonds from time to time in its discretion, for any of its corporate purposes. A commission shall also have power to issue refunding bonds for the purpose of paying or retiring bonds, including interest thereon, previously issued by it. Sourc…
SDCL § 11-7-93 Income and revenues from which bonds payable--Additional pledge of other funds or assets
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A commission may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable: (1) Exclusively from the income and revenues of the project financed with the proceeds of such bonds…
SDCL § 11-7-94 Conditions and covenants of bonds
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In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure payment of such bonds, or obligations, a commission, in addition to its other powers, shall have power: (1) To pledge all or any part of its gross or net rents, fees or re…
SDCL § 11-7-95 Submission of bonds for examination by attorney general--Certification of validity
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A commission may submit to the attorney general of the state any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general, it shall be the duty of the attorney general to exa…
SDCL § 11-7-96 Issuance of bonds--Maturity dates--Interest rate--Denominations--Registration--Redemption provisions--Signatures
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Bonds of a commission shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form either coupon or reg…
SDCL § 11-7-97 Private or public sale of bonds--Notice of sale
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The bonds issued by a commission may be sold at private sale or at public sale to the highest bidder after notice of sale has been published once each week for at least two successive weeks in a legal newspaper published in the county where the commission is located. The notice s…
SDCL § 11-7-98 Validity of signatures on bonds--Negotiable investment securities
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If any of the commissioners or officers of the commission whose signatures appear on any bonds or coupons cease to be commissioners or officers before the delivery of the bonds, their signatures shall be valid for all purposes. Any provision of any law to the contrary notwithstan…
SDCL § 11-7-99 Tax exemption of bonds
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Bonds of a commission are declared to be issued for an essential public and governmental purpose and to be public instrumentalities and, together with interest thereon and income therefrom, shall be exempt from taxes. Source: SL 1950 (SS), ch 13 , § 21; SDC Supp 1960, § 45.3621.