13-51A-4. Borrowing power of board.
70 words·~1 min read·
/sd/title-13/chapter-13-51/13-51a-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board shall have power for each such institution to borrow money and issue bonds to acquire for each institution any one project, or more than one, or any combination thereof, or to refund bonds heretofore or hereafter issued for each such institution, or for either or both of said purposes, and to provide for the security and payment of said bonds and for the rights of the holders thereof.