Section 1-16A-54.2 - Amount and terms of securities purchased--Mortgage--Insurance and guaranties. - South-dakota Statutes

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1-16A-54.2. Amount and terms of securities purchased--Mortgage--Insurance and guaranties. Any securities purchased pursuant to § 1-16A-54.1 shall have the same principal amounts, maturities and interest rates as the bonds being issued pursuant to § 1-16A-54.1, shall be secured by a first mortgage lien on the educational or health facility so being financed, subject to such exceptions as the authority may approve and created by a mortgage instrument satisfactory to the authority, and may be insured or guaranteed by others.

Source: SL 1976, ch 9, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-1 > Chapter-16a > Statute-1-16a-54-2

1-16A-54.2. Amount and terms of securities purchased--Mortgage--Insurance and guaranties. Any securities purchased pursuant to § 1-16A-54.1 shall have the same principal amounts, maturities and interest rates as the bonds being issued pursuant to § 1-16A-54.1, shall be secured by a first mortgage lien on the educational or health facility so being financed, subject to such exceptions as the authority may approve and created by a mortgage instrument satisfactory to the authority, and may be insured or guaranteed by others.

Source: SL 1976, ch 9, § 1.

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State Codes and Statutes

Statutes > South-dakota > Title-1 > Chapter-16a > Statute-1-16a-54-2

1-16A-54.2. Amount and terms of securities purchased--Mortgage--Insurance and guaranties. Any securities purchased pursuant to § 1-16A-54.1 shall have the same principal amounts, maturities and interest rates as the bonds being issued pursuant to § 1-16A-54.1, shall be secured by a first mortgage lien on the educational or health facility so being financed, subject to such exceptions as the authority may approve and created by a mortgage instrument satisfactory to the authority, and may be insured or guaranteed by others.

Source: SL 1976, ch 9, § 1.