1-16J-12. Negotiability of bonds, notes, and other instruments--Temporary instruments.
Notwithstanding the form and tenor of any such revenue bond, note, or other instrument and in the absence of any express recital on the face of any such revenue bond, note, or other instrument that it is nonnegotiable, any such revenue bond, note, and other instrument is a negotiable instrument. Pending the preparation and execution of any such revenue bond, note, or other instrument, a temporary revenue bond, note, or instrument may be issued as provided by resolution.
Source: SL 2009, ch 8, §12.
Structure 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-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-15 - Pledge by state not to impair rights and remedies of holders of bonds and notes.
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.