49-38-7. Expenditure of district moneys--Approval by board of directors.
Money of a consumers power district shall be paid out or expended only upon the authorization or approval of the board of directors, and by check, draft, warrant, electronic payment, or other instrument in writing, signed by the treasurer, assistant treasurer, or such other officer, employee, or agent of the district who is authorized by the treasurer to sign in the treasurer's behalf. However, the authorization shall be in writing and filed with the secretary of the district.
Source: SL 1950 (SS), ch 17, §58; SDC Supp 1960, §52.1757; SL 1998, ch 276, §29.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 38 - Consumers Power District Records, Accounts And Reports
Section 49-38-1 - Minutes of meetings--Books of account--Place of keeping--Public inspection.
Section 49-38-3 - Contents of audit.
Section 49-38-4 - Time for audit--Furnishing information to auditor.
Section 49-38-7 - Expenditure of district moneys--Approval by board of directors.