The board of directors may borrow funds to meet the necessities of any unforeseen or unusual conditions arising in the operation and maintenance of the irrigation system of the district and may pledge the credit of the district for the payment of the debt.
S.D. Codified Laws § 46A-6-40
Borrowing for unforeseen or unusual conditions in operation and maintenance
Source: SDC 1939, § 61.0814; SDCL § 46-14-39; SL 2011, ch 165, § 409.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.