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§ 13-51A-33 Power to issue refunding bonds for matured obligations.

SD Codified L § 13-51A-33 (2019) (N/A)
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13-51A-33. Power to issue refunding bonds for matured obligations. The board shall have power, and is hereby authorized from time to time, to issue negotiable refunding bonds:

(1) To refund unpaid matured bonds;

(2) To refund unpaid matured coupons evidencing interest upon its unpaid matured bonds; and

(3) To refund interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of those bonds.Source: SL 1971, ch 134, § 4 (B).

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§ 13-51A-32 Actions for enforcement of chapter and resolutions.
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§ 13-51A-34 Exchange of refunding bonds--Sale and use of proceeds--Cancellation of bonds and coupons received.