8-11-3. Authorization, issuance and sale--Vote required.
The governing body of the township, if authorized by law, may authorize, issue, and sell bonds as provided in chapter 6-8B, except that the election shall be conducted by a two-thirds vote of the registered voters present and voting at any annual township meeting or special township meeting called for that purpose.
Source: SL 1883, ch 112, subch 1, §116; CL 1887, §830; RPolC 1903, §1137; SL 1911, ch 250, §1; RC 1919, §6133; SDC 1939, §58.1101; SL 1963, ch 451, §1; SL 1984, ch 43, §66.