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Code · South Dakota · Title 11 · Chapter 11-11

11-11-80. Refunding obligations authorized--Application of provisions applicable to original obligations.

115 words·~1 min read·/sd/title-11/chapter-11-11/11-11-80·

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The authority may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such obligations and for any corporate purpose of the authority. The issuance of such obligations, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the authority in respect of the same shall be governed by the provisions of this chapter which relate to the issuance of obligations, insofar as such provisions may be appropriate therefor.
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