49-17A-29. Resolutions for bonds or notes--Security agreement--Terms and conditions.
Bonds or notes of the authority shall be authorized by resolution of the commissioners and may be issued under the resolution or under a trust indenture or other security agreement, in one or more series, and 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, and shall 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 1978, ch 344, ยง27.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 17A - Regional Railroad Authorities
Section 49-17A-1 - Definition of terms.
Section 49-17A-2 - Creation of authority by agreement of subdivisions.
Section 49-17A-3 - Contents of agreement creating authority.
Section 49-17A-3.1 - Authority may not change resolution eschewing taxing power.
Section 49-17A-5 - Hearing before adoption of resolution--Publication of notice.
Section 49-17A-6 - Election of commissioners--Terms of office--Vacancies.
Section 49-17A-7 - Power vested in commissioners--Rules for operation.
Section 49-17A-8 - Chairman and secretary-treasurer of authority.
Section 49-17A-9 - Executive director and other agents--Delegation of powers and duties.
Section 49-17A-10 - Reimbursement of commissioners' expenses.
Section 49-17A-11 - Addition of subdivision to authority.
Section 49-17A-12 - Withdrawal of subdivision from authority--Disposition of assets and liabilities.
Section 49-17A-14 - Powers of political subdivisions in aid of regional authority.
Section 49-17A-15 - Corporate powers of authority.
Section 49-17A-17 - Use of public waters by authority--Buildings, roadways and bridges.
Section 49-17A-19 - Public purpose and necessity for acquisitions.
Section 49-17A-20 - Exemption from taxation of property and income of authority.
Section 49-17A-21 - Annual certification of tax levy for authority--Levy of tax--Collection.
Section 49-17A-21.1 - Zones of benefit--Tax levy applied to.
Section 49-17A-22 - Maximum tax levy--County levy not applied in subdivision making levy.
Section 49-17A-23 - Deposit of tax proceeds--Expenditure.
Section 49-17A-24 - Covenant to levy taxes until bonds paid.
Section 49-17A-25 - Acceptance and expenditure of federal and other grants and loans.
Section 49-17A-27 - Issuance of bonds and notes--Purposes for which proceeds used.
Section 49-17A-28 - Revenues and funds pledged to payment of bonds and notes--Negotiability.
Section 49-17A-29 - Resolutions for bonds or notes--Security agreement--Terms and conditions.
Section 49-17A-30 - Mortgages and deeds of trust to secure obligations--Filing.
Section 49-17A-31 - Bond recital conclusive as to authority and purpose.
Section 49-17A-32 - Continuing validity of signatures on bonds and notes--Temporary bonds.
Section 49-17A-33 - Sale of bonds.
Section 49-17A-34 - Bonds exempt from taxation.
Section 49-17A-35 - Persons executing bonds not personally liable.
Section 49-17A-36 - Arrangements for operating and providing railroad service.
Section 49-17A-37 - Grant of operating privileges and use of railroad and facilities.