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Code · South Dakota · Title 49 · Chapter 49-17

49-17A-3.1. Authority may not change resolution eschewing taxing power.

96 words·~1 min read·/sd/title-49/chapter-49-17/49-17a-3-1·

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Any railroad authority may adopt a resolution amending the provisions of the agreement authorized by § 49-17A-2 to specify that the railroad authority may not levy a tax pursuant to the provisions provided in chapter 49-17A . The railroad authority shall file a certified copy of the resolution with the secretary of state and the secretary of state shall issue an amended certificate of incorporation. The railroad authority may not adopt a resolution to amend or repeal this resolution prohibiting the railroad authority from levying a tax pursuant to the provisions provided in chapter 49-17A .
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