There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 40. Consumers Power District Dissolution And Sale Of Assets
§49-40-2 Hypothecation of assets permitted.
SD Codified L § 49-40-2 (through 2011) What's This?
49-40-2. Hypothecation of assets permitted. If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so.
Source: SL 1950 (SS), ch 17, § 59; SDC Supp 1960, § 52.1758; SL 1975, ch 288.
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