Section 46A-4-91 - Bonds and obligations of irrigation district--Redemption by board of directorsafter sale of property on dissolution of district. - South Dakota Statutes

46A-4-91. Bonds and obligations of irrigation district--Redemption by board of directors after sale of property on dissolution of district. In all cases where bonds and other obligations of irrigation districts shall be issued, such bonds and obligations shall become subject to redemption by the board of directors of any irrigation district, as soon as the property and franchise of such district shall be sold after such district has elected to dissolve as a district, as herein provided.

Source: SDC 1939, § 61.0848; SDCL, § 46-12-86.