9-44-5. Covenants with bondholders authorized.
In and by the resolution authorizing municipal improvement bonds, the governing body may on behalf of the municipality make any or all of the covenants described in §§9-44-6 to 9-44-8, inclusive, with and for the benefit of the holders from time to time of said bonds.
Source: SL 1947, ch 219, §4; SDC Supp 1960, §45.21A04.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 44 - Municipal Improvement Bonds
Section 9-44-1 - Municipal improvement bonds authorized in lieu of special assessment certificates.
Section 9-44-2 - Authorization--Issuance--Sale--Maturity.
Section 9-44-3 - Amount of bond issue.
Section 9-44-5 - Covenants with bondholders authorized.
Section 9-44-7 - Municipal agreement as to water and sewer service charges--Adequacy of rates.
Section 9-44-10 - Bonds payable from improvement fund--Negotiability--Municipal obligation limited.