There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 9 MUNICIPAL GOVERNMENT
Chapter 51. Municipal Parking Facilities
§9-51-18 Bondholders have no right to compel tax levy or appropriation.
SD Codified L § 9-51-18 (through 2011) What's This?
9-51-18. Bondholders have no right to compel tax levy or appropriation. No purchaser or holder of any bond issued under § 9-51-13 shall ever have any right to compel the exercise of any taxing powers of the municipality or the appropriation of any of its funds or moneys save and except as set forth in the ordinance of the municipality authorizing the issuance of such bonds and as provided in §§ 9-51-13 to 9-51-21, inclusive.
Source: SL 1955, ch 216, § 5; SDC Supp 1960, § 45.02A05.
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