9-25-2. Execution of bonds and coupons--Facsimile signatures.
All bonds and coupons issued by the municipality shall be executed as contracts except that the facsimile signature of such officers to the coupons may be lithographed or engraved.
Source: SL 1899, ch 51, §2; RPolC 1903, §1386; SL 1905, ch 155, §3; RC 1919, §6431; SDC 1939, §45.2308.
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.