11-7-92. Commission power to issue bonds--Refunding bonds.
A commission shall have power to issue bonds from time to time in its discretion, for any of its corporate purposes. A commission shall also have power to issue refunding bonds for the purpose of paying or retiring bonds, including interest thereon, previously issued by it.
Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.