49-17A-3.1. Authority may not change resolution eschewing taxing power.Any railroad authority may adopt a resolution amending the provisions of the agreement authorized by §49-17A-2 to specify that the railroad authority may not levy a tax pursuant to the provisions provided in chapter 49-17A. The railroad authority shall file a certified copy of the resolution with the secretary of state and the secretary of state shall issue an amended certificate of incorporation. The railroad authority may not adopt a resolution to amend or repeal this resolution prohibiting the railroad authority from levying a tax pursuant to the provisions provided in chapter 49-17A. Source: SL 1997, ch 264, §1.
South Dakota Legal Code