9-44-5. Covenants with bondholders authorized.
In and by the resolution authorizing municipal improvement bonds, the governing body may on behalf of the municipality make any or all of the covenants described in §§9-44-6 to 9-44-8, inclusive, with and for the benefit of the holders from time to time of said bonds.
Source: SL 1947, ch 219, §4; SDC Supp 1960, §45.21A04.