South Dakota Codified Laws
Chapter 16J - South Dakota Ellsworth Development Authority
Section 1-16J-10 - Suit to compel performance by holder of revenue bonds, notes, or other instruments issued by authority.

1-16J-10. Suit to compel performance by holder of revenue bonds, notes, or other instruments issued by authority.
Any holder of any revenue bonds, notes, or other instruments issued by the authority may bring suits at law or proceedings in equity to compel the performance and observance by any person or by the authority or any of its agents or employees of any contract or covenant made with the holders of such revenue bonds, notes, or other instruments, to compel such person or the authority or any of its agents or employees to perform any duties required to be performed for the benefit of the holders of any such revenue bonds, notes, or other instruments by the provision of the resolution authorizing their issuance and to enjoin such person or the authority or any of its agents or employees from taking any action in conflict with any such contract or covenant.

Source: SL 2009, ch 8, §10.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 1 - State Affairs and Government

Chapter 16J - South Dakota Ellsworth Development Authority

Section 1-16J-1 - South Dakota Ellsworth Development Authority created.

Section 1-16J-2 - Membership--Initial terms--Officers--Removal.

Section 1-16J-3 - Authority reports to Governor's Office of Economic Development.

Section 1-16J-4 - Terms--Vacancies--Quorum.

Section 1-16J-5 - No compensation--Reimbursement of expenses.

Section 1-16J-6 - Employment of personnel.

Section 1-16J-7 - Powers of authority.

Section 1-16J-8 - Investments by authority.

Section 1-16J-9 - Issuance of revenue bonds, notes, or other evidences of indebtedness.

Section 1-16J-10 - Suit to compel performance by holder of revenue bonds, notes, or other instruments issued by authority.

Section 1-16J-11 - Action to compel payment of principal or interest on bonds or premium.

Section 1-16J-12 - Negotiability of bonds, notes, and other instruments--Temporary instruments.

Section 1-16J-13 - Pledge of revenues from lease or loan agreement--Trust agreement--Remedy.

Section 1-16J-14 - Pledge or assignment of and lien on or security interest in revenues, funds, or accounts.

Section 1-16J-15 - Pledge by state not to impair rights and remedies of holders of bonds and notes.

Section 1-16J-16 - State not liable for principal or interest on bonds, notes, or obligations of authority.

Section 1-16J-17 - Governmental bodies, financial institutions, and others authorized to invest in bonds or notes issued by authority.

Section 1-16J-18 - Exemption of documentary material and data from disclosure--Consideration by authority in executive session.

Section 1-16J-19 - Title to project.

Section 1-16J-20 - Inapplicability of § 5-2-19.

Section 1-16J-21 - Designation of depositories.

Section 1-16J-22 - Tax and securities exemptions of authority.

Section 1-16J-23 - Informational budget.

Section 1-16J-24 - Intergovernmental agreements.

Section 1-16J-25 - Sharing of agency employees .

Section 1-16J-26 - Powers not limited or created.

Section 1-16J-27 - Transfer of real estate in Rapid City.

Section 1-16J-28 - Property included in Rapid City real estate transfer.

Section 1-16J-29 - Real estate transfer subject to approval by Governor.