46A-6-23. Interest on due and unpaid interest coupons of bonds--Election to authorize--Form of ballots.
A district by a majority vote may provide and authorize the payment of interest on any or all due and unpaid interest coupons attached to valid and outstanding bonds of the district heretofore or hereafter issued and sold, from the date of registration of the interest coupons for payment or, if previously registered, from the date of election to pay interest, until paid. The question may be submitted at any general or special election of the district by ballot, which shall generally describe the bonds to which the coupons are attached by number, series, and date of issue. The ballots shall be in substantially the following form:
For the payment of interest on coupons attached to bonds numbered ____, series ____, dated ____ at ____ percent per annum--Yes (or No).
The election shall be governed by the law relating to bond elections in these districts.
Source: SDC 1939, §61.0901; SDCL, §46-14-22; SL 1983, ch 28, §55.
Structure South Dakota Codified Laws
Chapter 06 - Irrigation District Contracts And Financing
Section 46A-6-1 - Unauthorized debts and liabilities prohibited.
Section 46A-6-2 - Contracts for supply of water to irrigate lands--Source of supply.
Section 46A-6-3 - Payment within one year of purchase price of water supply--Tax levy.
Section 46A-6-4.1 - Eligibility to vote on water supply contract.
Section 46A-6-10 - Prior supplemental contracts with United States validated.
Section 46A-6-15 - Covenants and agreements to protect security and payment of bonds.
Section 46A-6-19 - Payment of bonds and interest--Annual assessment upon real property of district.
Section 46A-6-30 - Compliance with federal and state laws--Rights of district to contract.
Section 46A-6-39 - Borrowing to make payments on federal contracts.
Section 46A-6-40 - Borrowing for unforeseen or unusual conditions in operation and maintenance.
Section 46A-6-41 - Maximum amount of loans--Payment.
Section 46A-6-41.1 - Borrowing funds from conservancy district--Pledge of district credit.
Section 46A-6-45 - Additional bonds of district--Priority.
Section 46A-6-47 - Claims against district--Allowance--Warrants for payment.