Section 9-51-21 - Revenue bonds not municipal indebtedness. - South-dakota Statutes

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9-51-21. Revenue bonds not municipal indebtedness. No bonds issued under §§ 9-51-13 to 9-51-19, inclusive, constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provisions or limitations, any provisions in the bonds set forth, or set forth in the ordinance authorizing the bonds to the contrary notwithstanding.

Source: SL 1955, ch 216, § 5; SDC Supp 1960, § 45.02A05; SL 1984, ch 43, § 93.

State Codes and Statutes

Statutes > South-dakota > Title-9 > Chapter-51 > Statute-9-51-21

9-51-21. Revenue bonds not municipal indebtedness. No bonds issued under §§ 9-51-13 to 9-51-19, inclusive, constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provisions or limitations, any provisions in the bonds set forth, or set forth in the ordinance authorizing the bonds to the contrary notwithstanding.

Source: SL 1955, ch 216, § 5; SDC Supp 1960, § 45.02A05; SL 1984, ch 43, § 93.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-9 > Chapter-51 > Statute-9-51-21

9-51-21. Revenue bonds not municipal indebtedness. No bonds issued under §§ 9-51-13 to 9-51-19, inclusive, constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provisions or limitations, any provisions in the bonds set forth, or set forth in the ordinance authorizing the bonds to the contrary notwithstanding.

Source: SL 1955, ch 216, § 5; SDC Supp 1960, § 45.02A05; SL 1984, ch 43, § 93.