41-17-7. Bond recital as to sources of payment--Disclaimer of state obligation.
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/sd/title-41/chapter-41-17/41-17-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All bonds issued under the authority of this chapter shall recite in substance that such bonds and interest thereon are payable solely from the revenues pledged to the payment thereof and that such bonds do not constitute a debt of the State of South Dakota within the meaning of any constitutional or statutory limitation.