9-25-15. Interest rate on promissory notes--Signature of notes.
The rate of interest shall be stated on the note authorized by §9-25-12. The notes shall be signed by the chief executive officer of the municipality and by the municipal finance officer.
Source: SL 1978, ch 63, §4; SL 1981, ch 71.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 25 - Municipal Bonds And Notes
Section 9-25-1 - General bonding power of municipalities.
Section 9-25-2 - Execution of bonds and coupons--Facsimile signatures.
Section 9-25-13 - Maximum amount borrowed on promissory note.
Section 9-25-14 - Borrowing limit reduced by outstanding warrants and notes.
Section 9-25-15 - Interest rate on promissory notes--Signature of notes.
Section 9-25-16 - Cash receipts applied to payment of notes until retired.