49-16B-28. Bonds--Statements on face.
96 words·~1 min read·
/sd/title-49/chapter-49-16/49-16b-28A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each bond shall state upon its face that it is payable solely from revenues derived by the authority from the operation of facilities acquired, constructed, improved, or equipped in whole or in part with the proceeds of the sale of such bonds, including income to be derived from rental leases as provided in §§ 49-16B-15 to 49-16B-21 , inclusive. Each bond shall state upon its face that it does not constitute an obligation of the State of South Dakota within the meaning of any provisions of the Constitution or statutes of the State of South Dakota.