11-7-98. Validity of signatures on bonds--Negotiable investment securities.
If any of the commissioners or officers of the commission whose signatures appear on any bonds or coupons cease to be commissioners or officers before the delivery of the bonds, their signatures shall be valid for all purposes. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter shall be negotiable investment securities within the meaning of chapter 57A-8.
Source: SL 1950 (SS), ch 13, §22; SDC Supp 1960, §45.3622; SL 1984, ch 43, §100.