All bonds issued under the authority of this chapter shall recite in substance that such bonds and interest thereon are payable solely from the revenues pledged to the payment thereof and that such bonds do not constitute a debt of the State of South Dakota within the meaning of any constitutional or statutory limitation.
S.D. Codified Laws § 41-17-7
Bond recital as to sources of payment--Disclaimer of state obligation
Source: SL 1959, ch 108, § 5; SDC Supp 1960, § 25.0129.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.