Section 31-10-9 - Agreement for purchase or construction--Payments--Interest

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.