2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07A. Cendak Irrigation District
§46A-7A-172 Statement filed with state board where court finds organization and bond proceedings valid--Certification of bonds by state board.


SD Codified L § 46A-7A-172 (through 2012) What's This?


46A-7A-172. Statement filed with state board where court finds organization and bond proceedings valid--Certification of bonds by state board. If the court holds the proceedings for organization of the district valid and the proceedings for voting and issue of the bonds valid, the board shall prepare a written statement, including the organization of the district, the voting and issue of such bonds or other objects of such petition, and concluding with the decree of the court finding the proceedings for the organization of the district and subsequent proceedings legal and valid. If the proceedings are for confirmation of a bond issue, the board shall present such written statement and bonds to the state board. The written statement shall be certified under oath by the board. The state board shall record the statement and register the bonds in its office. No bonds may be issued or valid unless they are registered and have endorsed thereon a certificate of the state board showing that the bonds are issued pursuant to law. The date of filing in the office of the state board is the basis of the certificate.

Source: SL 1985, ch 360, § 172.

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