Borrowing for unforeseen or unusual conditions in operation and maintenance.

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46A-6-40. Borrowing for unforeseen or unusual conditions in operation and maintenance.

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.

Source: SDC 1939, §61.0814; SDCL §46-14-39; SL 2011, ch 165, §409.


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