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§ 5-12-27.2 Amount of refunding bonds.

SD Codified L § 5-12-27.2 (2019) (N/A)
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5-12-27.2. Amount of refunding bonds. The Building Authority may issue negotiable refunding bonds under §§ 5-12-27.1 to 5-12-27.4, inclusive, to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund:

(1) The principal amount of the bonds to be refunded;

(2) The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and

(3) The applicable redemption premiums, if any.Source: SL 1975, ch 50, § 2.

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§ 5-12-27.1 Refunding bonds authorized--Purposes.
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§ 5-12-27.3 Exchange or sale of refunding bonds--Proceeds of sale--Cancellation of bonds and coupons--Evidence of discharge of interest obligation.