Section 46A-9-61 - Rates and charges of district--Establishment by board of directors, exception. - South-dakota Statutes

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46A-9-61. Rates and charges of district--Establishment by board of directors, exception. The board of directors is hereby authorized and empowered, subject to the provisions of this chapter, to fix and establish the prices, rates, and charges at which any and all the resources and facilities made available under the provisions of this chapter shall be sold and disposed of; to enter into any and all contracts and agreements, and to do any and all things which in its judgment are necessary, convenient, or expedient for the accomplishment of any and all the purposes and objects of this chapter, under such general regulations and upon such terms, limitations, and conditions as it shall prescribe; and it is and shall be the duty of the board to enter into such contracts and fix and establish such prices, rates, and charges so as to provide at all times funds which will be sufficient to pay all costs of operation and maintenance of any and all of the works authorized by this chapter, together with necessary repairs thereto, and which will provide at all times sufficient funds to meet and pay the principal and interest of all bonds, warrants, notes, debentures, and other evidences of indebtedness as they severally become due and payable; provided, that nothing contained in this chapter shall authorize any change, alteration, or revision of any such rates, prices, or charges as established by any contract entered into under authority of this chapter except as provided by any such contract.

Source: SL 1939, ch 291, § 16; SDC Supp 1960, § 61.1316 (3); SDCL, § 46-16-59.

State Codes and Statutes

Statutes > South-dakota > Title-46a > Chapter-09 > Statute-46a-9-61

46A-9-61. Rates and charges of district--Establishment by board of directors, exception. The board of directors is hereby authorized and empowered, subject to the provisions of this chapter, to fix and establish the prices, rates, and charges at which any and all the resources and facilities made available under the provisions of this chapter shall be sold and disposed of; to enter into any and all contracts and agreements, and to do any and all things which in its judgment are necessary, convenient, or expedient for the accomplishment of any and all the purposes and objects of this chapter, under such general regulations and upon such terms, limitations, and conditions as it shall prescribe; and it is and shall be the duty of the board to enter into such contracts and fix and establish such prices, rates, and charges so as to provide at all times funds which will be sufficient to pay all costs of operation and maintenance of any and all of the works authorized by this chapter, together with necessary repairs thereto, and which will provide at all times sufficient funds to meet and pay the principal and interest of all bonds, warrants, notes, debentures, and other evidences of indebtedness as they severally become due and payable; provided, that nothing contained in this chapter shall authorize any change, alteration, or revision of any such rates, prices, or charges as established by any contract entered into under authority of this chapter except as provided by any such contract.

Source: SL 1939, ch 291, § 16; SDC Supp 1960, § 61.1316 (3); SDCL, § 46-16-59.

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Statutes > South-dakota > Title-46a > Chapter-09 > Statute-46a-9-61

46A-9-61. Rates and charges of district--Establishment by board of directors, exception. The board of directors is hereby authorized and empowered, subject to the provisions of this chapter, to fix and establish the prices, rates, and charges at which any and all the resources and facilities made available under the provisions of this chapter shall be sold and disposed of; to enter into any and all contracts and agreements, and to do any and all things which in its judgment are necessary, convenient, or expedient for the accomplishment of any and all the purposes and objects of this chapter, under such general regulations and upon such terms, limitations, and conditions as it shall prescribe; and it is and shall be the duty of the board to enter into such contracts and fix and establish such prices, rates, and charges so as to provide at all times funds which will be sufficient to pay all costs of operation and maintenance of any and all of the works authorized by this chapter, together with necessary repairs thereto, and which will provide at all times sufficient funds to meet and pay the principal and interest of all bonds, warrants, notes, debentures, and other evidences of indebtedness as they severally become due and payable; provided, that nothing contained in this chapter shall authorize any change, alteration, or revision of any such rates, prices, or charges as established by any contract entered into under authority of this chapter except as provided by any such contract.

Source: SL 1939, ch 291, § 16; SDC Supp 1960, § 61.1316 (3); SDCL, § 46-16-59.