2006 South Dakota Code - 46A-6-8 — Supplemental contracts with United States--Board of directors authorized toenter into--Amount of principal indebtedness not increased.

     46A-6-8.   Supplemental contracts with United States--Board of directors authorized to enter into--Amount of principal indebtedness not increased. The board of directors of any irrigation district established and organized under and by virtue of the laws of South Dakota, whenever deemed advisable and to the best interests of the district, shall have the power and authority to enter into any contract with the United States supplementing or amending any original contract with the United States, said original contract having been entered into pursuant to the provisions of chapters 46A-4 to 46A-7, inclusive; provided, that such supplementary or amendatory contract does not increase the amount of principal indebtedness of the district to the United States as it exists at the date of the supplementary or amendatory contract.

Source: SL 1939, ch 293, § 1; SDC Supp 1960, § 61.0847-1; SDCL, § 46-14-8.