South Dakota Codified Laws
Chapter 16B - South Dakota Railroad Authority
Section 49-16B-25 - Bonds and notes--Resolution--Issuance--Terms.

49-16B-25. Bonds and notes--Resolution--Issuance--Terms.
Bonds or notes of the authority shall be authorized by resolution of the authority and may be issued under the resolution or under a trust indenture or other security agreement, in one or more series. The bonds or notes shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denominations, be in such form, either coupon or registered, carry such conversion, exchange and registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment at such place or places within or outside the state, be subject to such terms of redemption with or without premium, and contain or be subject to such other terms as the resolution, trust indenture or security agreement may provide. The bonds or notes may not be restricted by any other law limiting amounts, maturities, interest rates, or other terms or obligations of public agencies or private persons.

Source: SL 1980, ch 323, §24; SL 2010, ch 145, §197.

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