46A-6-45. Additional bonds of district--Priority.If the bonds or the money raised by the sale thereof is insufficient for the purposes for which the bonds were issued, additional bonds may be issued. The lien for taxes for the payment of the interest and principal of the additional bonds may be on a parity with, or subsequent to, the lien of any prior bond issue. Source: SDC 1939, §61.0921; SDCL, §46-14-44; SL 1976, ch 277, §15; SL 1984, ch 43, §123.
South Dakota Legal Code