Section 46A-7A-140 - Bonds--Denominations--Execution--Numbering--Contents of authorizing resolution. - South Dakota Statutes

46A-7A-140. Bonds--Denominations--Execution--Numbering--Contents of authorizing resolution. Bonds shall be in denominations of five thousand dollars or multiples thereof, in fully registered form, executed in the name of the district and signed by the president or secretary or by manual signature of one official designated by the governing body and by facsimile signature of other officials. The seal of the district shall be affixed thereto. Bonds shall be numbered consecutively as issued and shall bear a date of time of issue. Any resolution authorizing issuance of bonds may contain covenants and agreements to protect and safeguard security and payment of such bonds, which shall be a part of the contract with holders of the bonds. The resolution may include agreements for setting aside reserves or debt service funds and regulation, investment, and disposition thereof; agreements as to the use of trustees to further protect the interest of bondholders; and any other agreements which in any way affect security or protection of bonds of the district.

Source: SL 1985, ch 360, § 140.