9-51-16. Issuance and sale of bonds--Reference to ordinance for matters not covered in bonds--Negotiability.
64 words·~1 min read·
/sd/title-9/chapter-9-51/9-51-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds shall be issued and sold as provided in chapter 6-8B , except that no election shall be required other than as provided in § 9-51-14 . All bonds may refer to the ordinance for matters not expressed in the bonds, but they shall be negotiable investment securities within the meaning of chapter 57A-8 , notwithstanding any conditions expressed therein or in the ordinance.