8-11-3. Authorization, issuance and sale--Vote required.
55 words·~1 min read·
/sd/title-8/chapter-8-11/8-11-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body of the township, if authorized by law, may authorize, issue, and sell bonds as provided in chapter 6-8B , except that the election shall be conducted by a two - thirds vote of the registered voters present and voting at any annual township meeting or special township meeting called for that purpose.