Section 31-10-9 - Agreement for purchase or construction--Payments--Interest. - South-dakota Statutes

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31-10-9. Agreement for purchase or construction--Payments--Interest. Any agreement entered into under §§ 31-10-2 to 31-10-11, inclusive, by the department, for the purchase or construction of any bridge, may provide for one or more annual payments, but not exceeding ten. A reasonable rate of interest may be paid on deferred installments to be paid under any agreement.

Source: SL 1947, ch 132, § 6; SDC Supp 1960, § 28.1430; SL 2010, ch 145, § 86.

State Codes and Statutes

Statutes > South-dakota > Title-31 > Chapter-10 > Statute-31-10-9

31-10-9. Agreement for purchase or construction--Payments--Interest. Any agreement entered into under §§ 31-10-2 to 31-10-11, inclusive, by the department, for the purchase or construction of any bridge, may provide for one or more annual payments, but not exceeding ten. A reasonable rate of interest may be paid on deferred installments to be paid under any agreement.

Source: SL 1947, ch 132, § 6; SDC Supp 1960, § 28.1430; SL 2010, ch 145, § 86.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-31 > Chapter-10 > Statute-31-10-9

31-10-9. Agreement for purchase or construction--Payments--Interest. Any agreement entered into under §§ 31-10-2 to 31-10-11, inclusive, by the department, for the purchase or construction of any bridge, may provide for one or more annual payments, but not exceeding ten. A reasonable rate of interest may be paid on deferred installments to be paid under any agreement.

Source: SL 1947, ch 132, § 6; SDC Supp 1960, § 28.1430; SL 2010, ch 145, § 86.