11-11-43. Issuance of notes and bonds--Purposes for which used.The authority may issue from time to time its negotiable notes and bonds in such principal amount as the authority shall determine to be necessary to provide sufficient funds for achieving its corporate purposes, including the payment of interest on notes and bonds of the authority, establishment of reserves to secure such notes and bonds including the reserve funds created pursuant to §11-11-70, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. Source: SL 1973, ch 180, §26; SDCL Supp, §28-19-39; SL 1978, ch 20, §8; SL 1979, ch 185, §1; SL 1980, ch 204, §3; SL 1987, ch 118, §1.
South Dakota Legal Code