Section 1-16A-46 - Pooling of leases for pledge of revenues. - South-dakota Statutes

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1-16A-46. Pooling of leases for pledge of revenues. In addition to the foregoing, bonds of the authority may be secured by a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two or more leases of the facilities with two or more participating health institutions or participating educational institutions, as lessees respectively, upon such terms as may be provided for in the resolutions of the authority or as may be provided for in a trust indenture authorized by the authority.

Source: SL 1972, ch 10, § 12.

State Codes and Statutes

Statutes > South-dakota > Title-1 > Chapter-16a > Statute-1-16a-46

1-16A-46. Pooling of leases for pledge of revenues. In addition to the foregoing, bonds of the authority may be secured by a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two or more leases of the facilities with two or more participating health institutions or participating educational institutions, as lessees respectively, upon such terms as may be provided for in the resolutions of the authority or as may be provided for in a trust indenture authorized by the authority.

Source: SL 1972, ch 10, § 12.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-1 > Chapter-16a > Statute-1-16a-46

1-16A-46. Pooling of leases for pledge of revenues. In addition to the foregoing, bonds of the authority may be secured by a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two or more leases of the facilities with two or more participating health institutions or participating educational institutions, as lessees respectively, upon such terms as may be provided for in the resolutions of the authority or as may be provided for in a trust indenture authorized by the authority.

Source: SL 1972, ch 10, § 12.