Section 5-17-17 - Disposition of proceeds of sale or lease or exchange of surplus real property--Execution of conveyance or lease. - South Dakota Statutes

5-17-17. Disposition of proceeds of sale or lease or exchange of surplus real property--Execution of conveyance or lease. The money received from the sale or lease of such real property shall be deposited by the secretary of the Cement Plant Commission in the State Cement Plant Fund. On the approval of the sale, lease, or exchange of any such real property by the Cement Plant Commission the conveyance or lease of the real property shall be made in the name of the State of South Dakota by and through the Cement Plant Commission and shall be executed by the chairman of the commission and attested by the secretary-treasurer.

Source: SL 1955, ch 265; SDC Supp 1960, § 55.3321; SL 1967, ch 256; SL 1989, ch 55, § 3; SL 1997, ch 252, § 3.