Such board of directors may issue self-liquidating bonds for the purpose of constructing or equipping necessary facilities for the purposes of the corporation.
S.D. Codified Laws § 28-18-3
Self-liquidating bonds issued by nonprofit corporation
Source: SL 1953, ch 302, § 1; SDC Supp 1960, § 27.1209.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.