South Dakota § 46A-11-24 - Drainage bonds--Execution--Purpose of issue--Negotiation--Recital--Charge against lands.
Full text of South Dakota South Dakota Codified Laws § 46A-11-24 — Drainage bonds--Execution--Purpose of issue--Negotiation--Recital--Charge against lands., with citation guidance and answers to common questions.
§ 46A-11-24. Drainage bonds--Execution--Purpose of issue--Negotiation--Recital--Charge against lands.
Bonds issued pursuant to § 46A-11-23 shall be signed by the chairman of the board and the auditor, shall be issued for the benefit of the particular drainage district, and shall be numbered, recorded, and indexed in the office of the county auditor. The board shall negotiate the bonds at not less than their par value and the proceeds and any premium received on the bonds shall be credited to the fund of the particular drainage project. The bonds shall state that they are issued pursuant to this chapter and that they are to be paid out of funds to be obtained as provided in this chapter. The bonds shall be a charge against the lands for which benefit the bonds are issued until the principal and interest thereon have been fully paid.
Source: SDC 1939, § 61.1024; SDCL, § 46-21-24; SL 1985, ch 362, § 121.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 46A-11-24
What does South Dakota Codified Laws § 46A-11-24 cover?
Section 46A-11-24 ("Drainage bonds--Execution--Purpose of issue--Negotiation--Recital--Charge against lands.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 46A-11-24?
A common citation format is "South Dakota Codified Laws § 46A-11-24" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 46A-11-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.