Section 11-7-39 - Power to obtain federal or state guaranty of bonds--Premiums

11-7-39. Power to obtain federal or state guaranty of bonds--Premiums.A commission shall have further power to procure or agree to the procurement of federal or state government insurance or guaranties of the payment of any bonds or parts thereof issued by a commission, including the power to pay premiums on such insurance or guaranties. Source: SL 1950 (SS), ch 13, §7, subdiv 3 (14); SDC Supp 1960, §45.3607 (3) (n).