Section 9-52-11 – Findings and determinations as binding covenants.
9-52-11. Findings and determinations as binding covenants. The findings and determinations herein authorized 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 1951, ch 246, §2; SDC Supp 1960, §45.24B02.
Section 9-52-12 – Reference to authorizing resolutions for matters not covered in bonds–Negotiability.
9-52-12. Reference to authorizing resolutions for matters not covered in bonds–Negotiability. Bonds issued pursuant to this chapter may refer to the authorizing resolution or resolutions for matters not expressed in the bonds, but they shall be negotiable investment securities within the meaning of chapter 57A-8, notwithstanding any conditions expressed therein or in the resolutions. Source: […]
Section 9-52-15 – Bondholders’ statutory mortgage on auditorium property–Enforcement of lien and compelling performance of duties.
9-52-15. Bondholders’ statutory mortgage on auditorium property–Enforcement of lien and compelling performance of duties. There shall be a statutory mortgage lien upon all properties acquired by any municipality for auditorium purposes by the use of the proceeds of revenue bonds issued under the provisions of this chapter, and all additions and improvements thereto financed out […]
Section 9-52-16 – Admission charges and auditorium rentals–Adequacy for expenses, return on municipal investment and retirement of bonds.
9-52-16. Admission charges and auditorium rentals–Adequacy for expenses, return on municipal investment and retirement of bonds. The governing body of each municipality issuing bonds under this chapter shall have the authority, and it shall be its duty, to establish and collect reasonable charges for the admission of all persons to the auditorium premises for the […]
Section 9-52-1 – Power to construct, operate, and maintain auditorium.
9-52-1. Power to construct, operate, and maintain auditorium. Every municipality shall have power to construct, operate, and maintain an auditorium. Source: SL 1917, ch 310, §1; RC 1919, §6169 (26); SDC 1939, §45.0201 (15).
Section 9-52-1.1 – Lease of auditorium or convention center–Terms–Rent.
9-52-1.1. Lease of auditorium or convention center–Terms–Rent. A municipality, in order to establish a municipal auditorium or convention center as defined and empowered by law, shall have the power to enter into a long-term lease, for a term not to exceed thirty years, with or without an option to renew or purchase, for the acquisition […]
Section 9-52-2 – Power to create auditorium board.
9-52-2. Power to create auditorium board. Every municipality may create an appointive board for the purpose of managing municipal auditoriums and to provide by ordinance the number, the qualifications, mode of appointment, tenure of office, compensation, powers, duties of, and rules and regulations governing such board. Source: SL 1955, ch 197; SDC Supp 1960, §45.0201 […]
Section 9-52-3 – Auditorium revenue bonds authorized–Purposes for which proceeds used.
9-52-3. Auditorium revenue bonds authorized–Purposes for which proceeds used. Any municipality may issue revenue bonds to provide funds for the purpose of acquiring a municipal auditorium, or for the purpose of improving an existing auditorium, or for the purpose of refunding outstanding revenue bonds issued under the provisions of this chapter. Source: SL 1951, ch […]
Section 9-52-4 – Authorization, issuance and sale of bonds–Vote required.
9-52-4. Authorization, issuance and sale of bonds–Vote required. All bonds shall be authorized, issued, and sold as provided in chapter 6-8B, if a majority of the registered voters voting at the bond election vote to authorize the bond issue. Source: SL 1951, ch 246, §1; SDC Supp 1960, §45.24B01; SL 1984, ch 43, §97.
Section 9-52-5 – Municipal indebtedness not authorized by chapter.
9-52-5. Municipal indebtedness not authorized by chapter. Nothing contained in this chapter shall be deemed to authorize the incurring by any municipality of indebtedness within the meaning of any constitutional or statutory limitation upon municipal indebtedness. Source: SL 1951, ch 246, §10; SDC Supp 1960, §45.24B10.