Section 41-17-7 - Bond recital as to sources of payment--Disclaimer of state obligation. - South Dakota Statutes

41-17-7. Bond recital as to sources of payment--Disclaimer of state obligation. All bonds issued under the authority of this chapter shall recite in substance that such bonds and interest thereon are payable solely from the revenues pledged to the payment thereof and that such bonds do not constitute a debt of the State of South Dakota within the meaning of any constitutional or statutory limitation.

Source: SL 1959, ch 108, § 5; SDC Supp 1960, § 25.0129.