13-24-10. Maximum term of leases of school property–Bid requirements.
Any school board shall have authority to lease equipment, teacherages, buildings, or other real estate and personal property for a period of not to exceed thirty years. The proposed aggregate lease payments provided for under a lease agreement shall be subject to the statutory bid requirements.
Source: SDC Supp 1960, §15.2105 as added by SL 1963, ch 74, §1.