49-40-2. Hypothecation of assets permitted.
If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so.
Source: SL 1950 (SS), ch 17, §59; SDC Supp 1960, §52.1758; SL 1975, ch 288.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 40 - Consumers Power District Dissolution And Sale Of Assets
Section 49-40-2 - Hypothecation of assets permitted.
Section 49-40-3 - Sale of consumers power district assets.
Section 49-40-3.1 - Sale of assets--Retroactive application.
Section 49-40-4 - Right of municipality to purchase portion of assets within boundaries.
Section 49-40-8 - Lease or alienation of facilities within municipality.