46A-6-32. Confirmation of issue and sale of bonds by board of directors--Judicial examination in special proceeding--Approval or disapproval by circuit court.
The board of directors of any irrigation district organized under the provisions of chapter 46A-4 shall, before selling any bonds of such irrigation district, and in its discretion before making any contract, levying any assessment, or taking any special action, commence a special proceeding, in and by which the proceedings of such board and of such district providing for and authorizing the issue and sale of the bonds of such district, the making of any contract, levying of any assessment, or taking any special action, shall be judicially examined, approved, and confirmed, or disapproved and disaffirmed.
Source: SDC 1939, §61.0841; SDCL, §46-14-31.
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.