Section 34A-14-11 - Bonds--Authorization and maturation--Application of other state laws--Sale. - South Dakota Statutes

34A-14-11. Bonds--Authorization and maturation--Application of other state laws--Sale. The bonds shall be authorized by a resolution of the authority, shall bear such date or dates and shall mature at such time or times as the resolution or any trust indenture or other instrument approved by such resolution may provide, except that no bond may mature more than thirty years from the date of its issue, as the resolution or any trust indenture or other instrument approved by such resolution shall provide. The bonds shall bear interest at such rate or rates, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, including redemption prior to maturity, as such resolution or any trust indenture or other instrument approved by such resolution may provide. Other state laws relating to the issuance of revenue bonds may not apply to bonds issued by the authority, except as to laws regarding facsimile signatures on public securities. Bonds of the authority may be sold by the authority at public or private sale, and at such price or prices, including any premium or discount, as the authority shall determine.

Source: SL 1988, ch 290, § 50; SL 1989, ch 310, § 15; SL 1990, ch 292, § 28.