There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 11. Drainage Assessments And Bonds
§46A-11-33 Refunding outstanding evidences of indebtedness--Sale and exchange--Laws governing.
SD Codified L § 46A-11-33 (through 2012) What's This?
46A-11-33. Refunding outstanding evidences of indebtedness--Sale and exchange--Laws governing. If a board issues an order extending the time for payment of installments of assessments, or if all assessments not extended have been collected or become delinquent, the board may refund outstanding bonds, warrants, or certificates on account of any project, which may then be due or nearly due or which may be refunded at a lower rate of interest, and may issue and sell drainage refunding bonds of the county. The bonds may be sold at par value or may be exchanged for outstanding obligations of the district. Except as otherwise stated, the provisions of this chapter apply to issuance, sale, and payment of the bonds.
Source: SDC 1939, § 61.1021; SDCL, § 46-21-33; SL 1985, ch 362, § 130.
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