Section 28-18-17 – Rentals and charges established by municipality–Expenses and bond retirement covered by revenues.
28-18-17. Rentals and charges established by municipality–Expenses and bond retirement covered by revenues. The governing body of each municipality issuing bonds under §28-18-7 shall have the authority, and it shall be its duty, to establish and collect reasonable rentals or charges for the use and occupancy of and for the services furnished at such facilities. […]
Section 28-18-17.1 – Lease-purchase agreements authorized–Pledge of facility and net earnings to payment of bonds and interest.
28-18-17.1. Lease-purchase agreements authorized–Pledge of facility and net earnings to payment of bonds and interest. The governing body of each municipality shall have the power to enter into lease-purchase agreements for a term not to exceed the maturity of the bonds issued under §28-18-7 by ordinance with any person, firm, or corporation for such facilities. […]
Section 28-18-18 – Operational expenses paid from special fund–Appropriations for payment of bonds.
28-18-18. Operational expenses paid from special fund–Appropriations for payment of bonds. From the fund created pursuant to §28-18-14 shall be paid as incurred and allowed all normal, reasonable, and current expenses of the operation and maintenance of the facilities, and the revenues remaining in said fund from time to time after payment of such expenses […]
Section 28-18-19 – Findings and determinations binding on municipality.
28-18-19. Findings and determinations binding on municipality. The findings and determinations authorized in §§28-18-7 to 28-18-18, inclusive, shall constitute binding representations, recitals, and covenants of each municipality issuing revenue bonds hereunder to and with the purchasers and holders of all such bonds. Source: SL 1963, ch 286, §2.
Section 28-18-20 – Severability of provisions.
28-18-20. Severability of provisions. If any provision of §§28-18-7 to 28-18-19, inclusive, or any resolution or resolutions authorizing the issuance of bonds pursuant to said sections, or the application thereof to any person or circumstances, shall be held invalid in any legal proceedings, such invalidity shall not affect other provisions or applications of said sections […]
Section 28-18-2 – Area of operation of nonprofit corporation–Control by board of directors.
28-18-2. Area of operation of nonprofit corporation–Control by board of directors. Such nonprofit corporations may operate over an area of one or more counties. Direction and control of such corporations shall be exercised by a board of directors, selected as provided by law for such corporations. Source: SL 1953, ch 302, §1; SDC Supp 1960, […]
Section 28-18-3 – Self-liquidating bonds issued by nonprofit corporation.
28-18-3. Self-liquidating bonds issued by nonprofit corporation. Such board of directors may issue self-liquidating bonds for the purpose of constructing or equipping necessary facilities for the purposes of the corporation. Source: SL 1953, ch 302, §1; SDC Supp 1960, §27.1209.
Section 28-18-4 – Cooperation and contributions of private and public agencies accepted by nonprofit corporation–Charges and conditions for admission.
28-18-4. Cooperation and contributions of private and public agencies accepted by nonprofit corporation–Charges and conditions for admission. In the operation of such nonprofit corporation, the cooperation and assistance of private individuals and charitable organizations may be utilized and the contributions of private or public agencies may be accepted. The board of directors shall have power […]
Section 28-18-5 – Lease of property to nonprofit corporation by Department of Social Services.
28-18-5. Lease of property to nonprofit corporation by Department of Social Services. The Department of Social Services may lease any property under its jurisdiction, suitable for the establishment of such homes for the aged to any corporation or charitable organization that could qualify to the provisions of §§28-18-1 to 28-18-4, inclusive. Source: SL 1953, ch […]
Section 28-18-6 – County and municipal contributions to nonprofit corporations–Maximum–Appropriation from general fund.
28-18-6. County and municipal contributions to nonprofit corporations–Maximum–Appropriation from general fund. The boards of county commissioners of the several counties and the governing bodies of municipalities of this state, may, in their discretion, contribute sums of money annually not to exceed twenty thousand dollars per annum to nonprofit self-sustaining corporations formed for the care and […]