9-51-21. Revenue bonds not municipal indebtedness.
47 words·~1 min read·
/sd/title-9/chapter-9-51/9-51-21A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bonds issued under §§ 9-51-13 to 9-51-19 , inclusive, constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provisions or limitations, any provisions in the bonds set forth, or set forth in the ordinance authorizing the bonds to the contrary notwithstanding.