There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 9 MUNICIPAL GOVERNMENT
Chapter 41A. Municipal Power Agencies
§9-41A-55 Pledge of revenues to bonds, notes and contractual obligations.
SD Codified L § 9-41A-55 (through 2011) What's This?
9-41A-55. Pledge of revenues to bonds, notes and contractual obligations. A municipal power agency may pledge its rates, rents, and other revenues, or any part thereof, as security for the repayment, with interest and redemption premiums, if any, of the moneys borrowed by it or advanced to it for any of its authorized purposes and as security for the payment of amounts due and owed by it under any contract.
Source: SL 1978, ch 66, § 47.
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