South Dakota Codified Laws
Chapter 41 - Municipal Telephone Systems
Section 9-41-9 - Rates supervised by Public Utilities Commission--Sufficient for bond retirement and operation.

9-41-9. Rates supervised by Public Utilities Commission--Sufficient for bond retirement and operation.
The rates to be charged by the municipality for the telephone service shall be subject to the supervision of the Public Utilities Commission and shall be sufficient to provide for the payment of interest upon all bonds and to create a debt service fund to pay the principal thereof as and when the same becomes due and to provide for the operation and maintenance and repairs thereof and depreciation and shall be revised from time to time with the consent of the Public Utilities Commission so as to produce these amounts.

Source: SL 1953, ch 275, §4; SDC Supp 1960, §45.24C04.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 9 - Municipal Government

Chapter 41 - Municipal Telephone Systems

Section 9-41-1 - Power of municipality to establish and operate telephone system--Connection and joint operation with rural telephone system.

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 9-41-7 - Bondholders' statutory mortgage on telephone improvements--Disposition of system prohibited until bonds retired.