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.
Section 9-52-6 – Revenue bonds payable solely from auditorium revenues–Credit and taxing powers not pledged.
9-52-6. Revenue bonds payable solely from auditorium revenues–Credit and taxing powers not pledged. Revenue bonds issued under this chapter shall be payable solely from the net revenue derived from and traceable to properties acquired by the expenditure of the proceeds of revenue bonds, or of bonds refunded thereby, as fixed and determined by the governing […]
Section 9-52-8 – Auditorium revenues appropriated to special fund–Operating expenses paid from fund–Net revenue pledged to separate account for bond retirement and reserves.
9-52-8. Auditorium revenues appropriated to special fund–Operating expenses paid from fund–Net revenue pledged to separate account for bond retirement and reserves. Prior to delivery of any such bonds the governing body shall by the resolutions adopted under §9-52-3 create a special fund and appropriate and pledge thereto all gross receipts in respect of rentals, fees, […]
Section 9-52-9 – Covenants and agreements with bondholders for administration and security of bonds–Bondholders’ right to compel performance.
9-52-9. Covenants and agreements with bondholders for administration and security of bonds–Bondholders’ right to compel performance. In and by the resolutions authorizing revenue bonds the governing body shall also have the power to make and enter into on the part of the municipality covenants and agreements with the purchasers and holders thereof from time to […]
Section 9-51-36 – Acquisition, improvement and maintenance of parking facilities authorized–Additional to other powers.
9-51-36. Acquisition, improvement and maintenance of parking facilities authorized–Additional to other powers. In addition to and not to the exclusion of any power granted to it by any law now in effect or hereafter enacted, any municipal corporation may provide for the acquisition, improvement, and maintenance of sites as public parking facilities in conformity to […]
Section 9-51-48 – Municipal and parking meter funds used to maintain parking facilities.
9-51-48. Municipal and parking meter funds used to maintain parking facilities. The municipality may maintain public parking facilities constructed under §§9-51-35 to 9-51-49, inclusive, either partially or wholly from the general fund or parking meter fund duly appropriated. Source: SL 1967, ch 231, §12.