Section 9-39-24 - Agreements between utility board and governing body--Services furnished tomunicipality--Surplus funds. - South Dakota Statutes

9-39-24. Agreements between utility board and governing body--Services furnished to municipality--Surplus funds. The municipal utility board shall have power to enter into all necessary working agreements with the officials and governing body of the municipality and such agreements may contemplate arrangements for furnishing utility services to the municipality by such board, compensation for use by either the municipal utility board or the municipality of buildings, equipment, and personnel under the control of the other and transfers of surplus funds in the control of the municipal utility board to the general fund of the municipality.

Source: SL 1955, ch 221, § 4; SDC Supp 1960, § 45.3904 (5).