49-39-7. Agreement with bondholders respecting charges for electricity.The directors of any district organized under the provisions of chapter 49-35 are authorized to agree with the holders of any such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, as to the rates which such district shall charge and collect for electric energy, or other service, sold by the district. Source: SL 1950 (SS), ch 17, §51; SDC Supp 1960, §52.1751.
South Dakota Legal Code