49-34-8. Extension of foreign facilities through state--Local taxation and regulation.Any street railway, gas, electric light, or power company incorporated or existing under the laws of the United States, or any state or territory of the United States, may construct, extend, maintain, and operate its tracks, power powerhouses, or lines, or any portion or branch thereof, into and through this state, and any such corporation shall possess, and may exercise and enjoy all the rights, powers, privileges, and franchises possessed by such corporations organized under the laws of this state; all such corporations shall be subject to taxation, and regulation and control by the laws of this state, in all respects the same as corporations organized under the laws of this state; provided that such corporations shall first comply with all provisions of the laws of this state relating to foreign corporations doing business herein. Source: SDC 1939, §52.1517.
South Dakota Legal Code