Section 46A-13-29 - Bonds to raise money for portion of cost of construction of drainage improvement requiredto be paid by drainage district--Issuance and sale. - South Dakota Statutes

46A-13-29. Bonds to raise money for portion of cost of construction of drainage improvement required to be paid by drainage district--Issuance and sale. For the prompt raising of money with which to bear the proportionate cost of such proposed drainage improvement, such commission may issue bonds in the same manner and with the same effect as boards of county commissioners are authorized to issue bonds in drainage proceedings. Such commission may sell such bonds at not less than the par value thereof as it may deem best for the interests of all persons within this state affected by such drainage, any premium received on such bonds to be credited to the fund of the particular drainage.

Source: SDC 1939, § 61.1111; SDCL, § 46-23-29.