STATUTES

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 41 - Municipal Telephone Systems

Section 9-41-1 - Power of municipality to establish and operate telephone system--Connection andjoint operation with rural telephone system.
Section 9-41-1.1 - Purchase of equipment for resale authorized.
Section 9-41-2 - Revenue bonds authorized--Issuance--Sale--Segregated revenue or income.
Section 9-41-3 - Additional bonds authorized when original issue insufficient--Priority of issues.
Section 9-41-4 - Ordinance provisions for operation of system and security of bondholders.
Sections 9-41-5, 9-41-6 - Repealed
Section 9-41-7 - Bondholders' statutory mortgage on telephone improvements--Disposition ofsystem prohibited until bonds retired.
Section 9-41-8 - Pledge of telephone revenues to separate fund--Separate account for bond paymentsand reserve--Depreciation account and operational expenses.
Section 9-41-9 - Rates supervised by Public Utilities Commission--Sufficient for bond retirementand operation.
Section 9-41-10 - Transfer of surplus to depreciation account.

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