CHAPTER 39:02:06
ADMINISTRATION
Section
39:02:06:01 Annual audit and accounting procedure.
39:02:06:02 Execution of documents.
39:02:06:03 Records to be maintained at principal office.
39:02:06:04 Fiscal year.
39:02:06:05 Payments.
39:02:06:01. Annual audit and accounting procedure. The authority shall cause an audit of its books of account to be made at least once each year by a certified public accountant and the cost thereof shall be treated as a part of the administrative costs of the authority.
Source: 1 SDR 83, effective July 15, 1975.
General Authority:SDCL 5-12-40.
Law Implemented:SDCL 5-12-38.
39:02:06:02. Execution of documents. All contract and agreements entered into by the authority shall unless the members by resolution otherwise direct, be executed on behalf of the authority by the chairman or the vice chairman and the secretary or executive secretary, provided always, that one of the signatures on any such document on behalf of the authority shall be by an officer of the authority who is a member.
Nothing in this article shall be deemed to limit in any manner the right of the members by resolution adopted at a meeting to designate other or different officers or administrative personnel to execute a specified document or documents at any time.
Nothing in this article shall be deemed to prohibit the use of facsimile signature where authorized by statute in the state of South Dakota.
Source: 1 SDR 83, effective July 15, 1975.
General Authority:SDCL 5-12-40.
39:02:06:03. Records to be maintained at principal office. All records of the authority shall be kept and maintained in the principal office of the authority as the same may be located from time to time, or kept by the secretary.
Source: 1 SDR 83, effective July 15, 1975.
General Authority:SDCL 5-12-40.
Law Implemented:SDCL 5-12-40.
39:02:06:05. Payments. All bills, notes, checks or other instruments for the payment of money shall be signed and countersigned by such officers and in such manner as from time to time may be permitted by this article, or as prescribed by resolution of the members.
Source: 1 SDR 83, effective July 15, 1975.
General Authority:SDCL 5-12-40.
Law Implemented:SDCL 5-12-40.
