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2011 South Dakota Code
Title 9 MUNICIPAL GOVERNMENT
Chapter 41A. Municipal Power Agencies
§9-41A-34 Encumbrance of property to secure obligations.


SD Codified L § 9-41A-34 (through 2011) What's This?

9-41A-34. Encumbrance of property to secure obligations. A municipal power agency may mortgage, pledge, and grant a security interest in any or all of its real and personal property to secure the payment of its bonds, notes, or other obligations or contracts.

Source: SL 1978, ch 66, § 31.

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