Section 9-41A-44 – Continuing validity of officers’ signatures on bonds and notes–Temporary bonds.
9-41A-44. Continuing validity of officers’ signatures on bonds and notes–Temporary bonds. Any bonds or notes may be issued and delivered, notwithstanding that one or more of the officers executing them shall have ceased to hold office at the time when the bonds or notes are actually delivered. Pending preparation of definitive bonds, a municipal power […]
Section 9-41A-45 – Sale of bonds and notes.
9-41A-45. Sale of bonds and notes. Bonds or notes of a municipal power agency may be sold at public or private sale for a price and in a manner determined by the agency. Source: SL 1978, ch 66, §39.
Section 9-41A-46 – Bonds and notes as legal investments for public, corporate and fiduciary funds.
9-41A-46. Bonds and notes as legal investments for public, corporate and fiduciary funds. The State of South Dakota and all its public officers, governmental units, agencies and instrumentalities, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all […]
Section 9-41A-47 – Trust indenture or security agreement as contract with holders of bonds or notes–Contents.
9-41A-47. Trust indenture or security agreement as contract with holders of bonds or notes–Contents. The resolution, trust indenture, or other security agreement under which any bonds or notes are issued shall constitute a contract with the holders of the bonds or notes, and may contain provisions, among others, prescribing: (1)The terms and provisions of the […]
Section 9-41A-48 – Encumbrance of property to secure bonds and notes–Filings.
9-41A-48. Encumbrance of property to secure bonds and notes–Filings. For the security of bonds or notes issued, or to be issued, by a municipal power agency, the municipal power agency may mortgage or execute deeds of trust of the whole or any part of its property and franchises in the same manner and with the […]
Section 9-41A-49 – Officers and members of agency not personally liable on bonds or notes.
9-41A-49. Officers and members of agency not personally liable on bonds or notes. Neither the officials, the directors, nor the members of a municipal power agency nor any person executing bonds or notes shall be liable personally on the bonds or notes or be subject to any personal liability or accountability by reason of the […]
Section 9-41A-50 – Repurchase of bonds and notes–Cancellation or resale.
9-41A-50. Repurchase of bonds and notes–Cancellation or resale. A municipal power agency may purchase, out of any funds available therefor, bonds or notes, and to hold, pledge, cancel, or resell the bonds or notes, subject to and in accordance with any agreements with the holders. Source: SL 1978, ch 66, §44.
Section 9-41A-51 – Condemnation under power of eminent domain–Continuing power.
9-41A-51. Condemnation under power of eminent domain–Continuing power. Except as otherwise provided by §9-41A-52, a municipal power agency may acquire all real or personal property that it deems necessary for carrying out the purposes of this chapter, whether in fee simple absolute or a lesser interest, by condemnation and the exercise of the power of […]
Section 9-41A-22 – Applications to regulatory agencies–Compliance with requirements.
9-41A-22. Applications to regulatory agencies–Compliance with requirements. A municipal power agency may apply to any public agency for consents, authorizations, or approvals required for any project within its powers and take all actions necessary to comply with the conditions thereof. Source: SL 1978, ch 66, §17.
Section 9-41A-38 – Bonds and notes authorized–Purposes.
9-41A-38. Bonds and notes authorized–Purposes. A municipal power agency may from time to time issue its bonds or notes in such principal amounts as the municipal power agency shall deem necessary to provide sufficient funds to carry out any of its corporate purposes and powers, including but not limited to: (1)The acquisition or construction of […]