<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 46A-1-58 - Refunding bonds authorized for unmatured obligations. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2067069Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2067069SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2067069CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2067069Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2067069DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2067069Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2067069000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2067069SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2067069SCL-000003 { 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="s2067069Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=46A-1-58"><span class="s2067069SENU">46A-1-58</span></a><span xml:space="preserve" class="s2067069SENU">. </span><span class="s2067069CL">Refunding bonds authorized for unmatured obligations.</span></p><p dir="ltr" class="s2067069Normal-000000"><span class="s2067069DefaultParagraphFont">The district may issue negotiable refunding bonds under the provisions of this chapter to refund bonds at or before their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund:</span></p><p dir="ltr" class="s2067069Normal-000001"><span class="s2067069DefaultParagraphFont">(1)    The principal amount of the bonds to be refunded;</span></p><p dir="ltr" class="s2067069Normal-000001"><span class="s2067069DefaultParagraphFont">(2)    The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date of the bonds; and</span></p><p dir="ltr" class="s2067069Normal-000001"><span class="s2067069DefaultParagraphFont">(3)    The applicable redemption premiums, if any.</span></p><p dir="ltr" class="s2067069Normal"><span xml:space="preserve" class="s2067069000002"> </span></p><p dir="ltr" class="s2067069Normal"><span class="s2067069SCL">Source:</span><span xml:space="preserve" class="s2067069SCL-000003"> SL 1972, ch 241, § 52; SDCL Supp, § 46-17A-51; SL 2011, ch 165, § 307.</span></p></div></body></html>