9-41-1.1. Purchase of equipment for resale.
Notwithstanding the provisions of chapter 5-18A or any of the provisions of Title 9 regarding the sale and purchase of property, a municipality operating a telephone system pursuant to §9-41-1 may lease and purchase equipment for resale to its customers and may contract for services relating to the lease, purchase, sale, installation, and maintenance of such property, in a manner and for a price and terms determined by the governing body. If practicable the governing body shall secure at least two competitive quotations and retain them for its files.
Source: SL 1982, ch 80; SL 2011, ch 2, §116.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 41 - Municipal Telephone Systems
Section 9-41-1.1 - Purchase of equipment for resale.
Section 9-41-2 - Revenue bonds authorized--Issuance--Sale--Segregated revenue or income.
Section 9-41-3 - Additional bonds authorized when original issue insufficient--Priority of issues.
Section 9-41-4 - Ordinance provisions for operation of system and security of bondholders.
Section 9-41-10 - Transfer of surplus to depreciation account.