If the bonds or the money raised by the sale thereof is insufficient for the purposes for which the bonds were issued, additional bonds may be issued. The lien for taxes for the payment of the interest and principal of the additional bonds may be on a parity with, or subsequent to, the lien of any prior bond issue.
S.D. Codified Laws § 46A-6-45
Additional bonds of district--Priority
Source: SDC 1939, § 61.0921; SDCL, § 46-14-44; SL 1976, ch 277, § 15; SL 1984, ch 43, § 123.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.