<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 28-18-12 - Reference in bonds to authorizing resolutions--Negotiability. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2051934Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2051934SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2051934CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2051934Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2051934DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2051934000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2051934SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2051934SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2051934Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=28-18-12"><span class="s2051934SENU">28-18-12</span></a><span xml:space="preserve" class="s2051934SENU">. </span><span class="s2051934CL">Reference in bonds to authorizing resolutions--Negotiability.</span></p><p dir="ltr" class="s2051934Normal-000000"><span xml:space="preserve" class="s2051934DefaultParagraphFont">Bonds issued pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=28-18-7"><span class="s2051934DefaultParagraphFont">28-18-7</span></a><span xml:space="preserve" class="s2051934DefaultParagraphFont"> may refer to the authorizing resolution or resolutions for matters not expressed in the bonds, but they shall be negotiable investment securities within the meaning of chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-8"><span class="s2051934DefaultParagraphFont">57A-8</span></a><span class="s2051934DefaultParagraphFont">, notwithstanding any conditions expressed therein or in the resolutions.</span></p><p dir="ltr" class="s2051934Normal"><span xml:space="preserve" class="s2051934000001"> </span></p><p dir="ltr" class="s2051934Normal"><span class="s2051934SCL">Source:</span><span xml:space="preserve" class="s2051934SCL-000002"> SL 1963, ch 286, § 5; SL 1984, ch 43, § 107.</span></p></div></body></html>