S.D. Codified Laws § 49-39-3

Current through the 2024 Legislative Session
Section 49-39-3 - Resolution specifying particular revenues pledged

Any resolution or agreement pursuant to § 49-39-2 may specify the particular revenues that are pledged and the terms and conditions to be performed by the district and the rights of the holders of such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, and may provide for priorities of liens in any such revenues as between the holders of revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, issued at different times or under different resolutions or agreements.

SDCL 49-39-3

SL 1950 (SS), ch 17, § 47; SDC Supp 1960, § 52.1747.